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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$257,401$257,401$427,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$170,099$0
Funding fee$1,287$1,287$0
Note rate3.07%3.07%7.18%
Blended rate3.07%5.032%7.42%
1st payment$1,216.61$1,216.61$2,896.03
2nd payment$0.00$1,134.00$0.00
Taxes / mo$160.75$160.75$160.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$99.33$99.33$99.33
Total monthly$1,643.36$2,777.35$3,408.28
Cash to close$217,599$47,500$47,500