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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$359,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$103,635$0
Funding fee$1,277$1,277$0
Note rate2.74%2.74%7.18%
Blended rate2.74%4.258%7.42%
1st payment$1,193.93$1,193.93$2,432.67
2nd payment$0.00$690.90$0.00
Taxes / mo$193.00$193.00$193.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$90.00$90.00$90.00
Total monthly$1,626.93$2,317.83$2,937.49
Cash to close$143,535$39,900$39,900