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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$239,782$239,782$359,910
Remaining term (yrs)20.520.530.0
Secondary amount$0$120,128$0
Funding fee$1,199$1,199$0
Note rate4.2%4.2%7.18%
Blended rate4.2%5.468%7.42%
1st payment$1,451.71$1,451.71$2,438.16
2nd payment$0.00$800.85$0.00
Taxes / mo$426.83$426.83$426.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,028.54$2,829.40$3,086.97
Cash to close$160,118$39,990$39,990