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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$254,386$254,386$324,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$69,614$0
Funding fee$1,272$1,272$0
Note rate3.01%3.01%7.18%
Blended rate3.01%4.297%7.42%
1st payment$1,250.39$1,250.39$2,194.89
2nd payment$0.00$522.11$0.00
Taxes / mo$169.50$169.50$169.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$359.00$359.00$359.00
Total monthly$1,928.89$2,451.00$2,938.19
Cash to close$105,614$36,000$36,000