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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$259,577$259,577$403,200
Remaining term (yrs)24.624.630.0
Secondary amount$0$143,623$0
Funding fee$1,298$1,298$0
Note rate2.89%2.89%7.18%
Blended rate2.89%4.71%7.42%
1st payment$1,224.53$1,224.53$2,731.42
2nd payment$0.00$957.49$0.00
Taxes / mo$213.83$213.83$213.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,588.36$2,545.85$3,175.89
Cash to close$188,423$44,800$44,800