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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$255,465$255,465$296,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$41,445$0
Funding fee$1,277$1,277$0
Note rate2.68%2.68%7.18%
Blended rate2.68%3.562%7.42%
1st payment$1,191.88$1,191.88$2,011.37
2nd payment$0.00$310.84$0.00
Taxes / mo$100.00$100.00$100.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.38
HOA / mo$320.00$320.00$320.00
Total monthly$1,761.88$2,072.72$2,640.75
Cash to close$74,435$32,990$32,990