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$256,166$256,166$319,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$63,334$0
Funding fee$1,281$1,281$0
Note rate3.76%3.76%7.18%
Blended rate3.76%4.799%7.42%
1st payment$1,300.33$1,300.33$2,164.40
2nd payment$0.00$475.00$0.00
Taxes / mo$101.75$101.75$101.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$40.00$40.00$40.00
Total monthly$1,592.08$2,067.08$2,520.05
Cash to close$98,834$35,500$35,500