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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$262,549$262,549$292,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$29,951$0
Funding fee$1,313$1,313$0
Note rate3.08%3.08%7.18%
Blended rate3.08%3.686%7.42%
1st payment$1,270.14$1,270.14$1,981.50
2nd payment$0.00$224.63$0.00
Taxes / mo$75.67$75.67$75.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,495.81$1,720.44$2,265.66
Cash to close$62,451$32,500$32,500