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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$243,352$243,352$274,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$31,148$0
Funding fee$1,217$1,217$0
Note rate2.87%2.87%7.18%
Blended rate2.87%3.566%7.42%
1st payment$1,140.22$1,140.22$1,859.56
2nd payment$0.00$233.61$0.00
Taxes / mo$70.67$70.67$70.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.90
HOA / mo$175.00$175.00$175.00
Total monthly$1,535.89$1,769.50$2,310.13
Cash to close$61,648$30,500$30,500