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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$264,189$264,189$355,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$91,311$0
Funding fee$1,321$1,321$0
Note rate3.07%3.07%7.18%
Blended rate3.07%4.593%7.42%
1st payment$1,256.90$1,256.90$2,408.28
2nd payment$0.00$684.83$0.00
Taxes / mo$176.92$176.92$176.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$88.33$88.33$88.33
Total monthly$1,672.14$2,356.97$2,894.63
Cash to close$130,811$39,500$39,500