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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$260,541$260,541$494,910
Remaining term (yrs)20.120.130.0
Secondary amount$0$234,369$0
Funding fee$1,303$1,303$0
Note rate3.77%3.77%7.18%
Blended rate3.77%5.655%7.42%
1st payment$1,534.63$1,534.63$3,352.69
2nd payment$0.00$1,513.64$0.00
Taxes / mo$189.08$189.08$189.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,890.38$3,404.01$3,807.42
Cash to close$289,359$54,990$54,990