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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$239,182$239,182$382,410
Remaining term (yrs)23.923.930.0
Secondary amount$0$143,228$0
Funding fee$1,196$1,196$0
Note rate2.93%2.93%7.18%
Blended rate2.93%4.829%7.42%
1st payment$1,157.41$1,157.41$2,590.58
2nd payment$0.00$954.85$0.00
Taxes / mo$143.42$143.42$143.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,450.83$2,405.68$2,960.48
Cash to close$185,718$42,490$42,490