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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$265,663$265,663$459,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$193,337$0
Funding fee$1,328$1,328$0
Note rate3.62%3.62%7.18%
Blended rate3.62%5.465%7.42%
1st payment$1,400.25$1,400.25$3,109.43
2nd payment$0.00$1,288.91$0.00
Taxes / mo$295.67$295.67$295.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.80
HOA / mo$247.00$247.00$247.00
Total monthly$2,109.59$3,398.50$3,910.56
Cash to close$244,337$51,000$51,000