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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$262,579$262,579$386,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$124,331$0
Funding fee$1,313$1,313$0
Note rate3.03%3.03%7.18%
Blended rate3.03%4.627%7.42%
1st payment$1,293.37$1,293.37$2,621.06
2nd payment$0.00$828.87$0.00
Taxes / mo$150.67$150.67$150.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.38
HOA / mo$91.67$91.67$91.67
Total monthly$1,685.71$2,514.58$3,090.78
Cash to close$167,321$42,990$42,990