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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$254,425$254,425$359,550
Remaining term (yrs)25.125.130.0
Secondary amount$0$105,125$0
Funding fee$1,272$1,272$0
Note rate3.07%3.07%7.18%
Blended rate3.07%4.511%7.42%
1st payment$1,210.44$1,210.44$2,435.72
2nd payment$0.00$700.83$0.00
Taxes / mo$138.08$138.08$138.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.91
HOA / mo$374.00$374.00$374.00
Total monthly$1,872.53$2,573.36$3,169.71
Cash to close$145,075$39,950$39,950