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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$248,066$248,066$294,300
Remaining term (yrs)25.025.030.0
Secondary amount$0$46,234$0
Funding fee$1,240$1,240$0
Note rate2.88%2.88%7.18%
Blended rate2.88%3.841%7.42%
1st payment$1,158.30$1,158.30$1,993.69
2nd payment$0.00$346.76$0.00
Taxes / mo$134.92$134.92$134.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.86
HOA / mo$14.33$14.33$14.33
Total monthly$1,457.54$1,804.30$2,351.80
Cash to close$78,934$32,700$32,700