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$259,298$259,298$296,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$36,802$0
Funding fee$1,296$1,296$0
Note rate3.07%3.07%7.18%
Blended rate3.07%3.807%7.42%
1st payment$1,233.63$1,233.63$2,005.88
2nd payment$0.00$276.01$0.00
Taxes / mo$132.08$132.08$132.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.22
HOA / mo$164.67$164.67$164.67
Total monthly$1,680.38$1,956.39$2,511.86
Cash to close$69,702$32,900$32,900