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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$263,259$263,259$359,999
Remaining term (yrs)23.823.830.0
Secondary amount$0$96,741$0
Funding fee$1,316$1,316$0
Note rate3.02%3.02%7.18%
Blended rate3.02%4.627%7.42%
1st payment$1,289.18$1,289.18$2,438.76
2nd payment$0.00$725.55$0.00
Taxes / mo$226.92$226.92$226.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$108.00$108.00$108.00
Total monthly$1,774.10$2,499.66$2,995.68
Cash to close$136,740$40,000$40,000