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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$248,208$248,208$332,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$83,892$0
Funding fee$1,241$1,241$0
Note rate2.79%2.79%7.18%
Blended rate2.79%4.359%7.42%
1st payment$1,169.12$1,169.12$2,249.76
2nd payment$0.00$629.19$0.00
Taxes / mo$143.67$143.67$143.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,462.79$2,091.98$2,609.85
Cash to close$120,792$36,900$36,900