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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$254,984$254,984$360,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$105,016$0
Funding fee$1,275$1,275$0
Note rate3.5%3.5%7.18%
Blended rate3.5%4.813%7.42%
1st payment$1,324.68$1,324.68$2,438.77
2nd payment$0.00$700.10$0.00
Taxes / mo$201.92$201.92$201.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$75.00$75.00$75.00
Total monthly$1,751.60$2,451.70$2,937.68
Cash to close$145,016$40,000$40,000