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$250,622$250,622$405,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$154,378$0
Funding fee$1,253$1,253$0
Note rate3.75%3.75%7.18%
Blended rate3.75%5.37%7.42%
1st payment$1,347.40$1,347.40$2,743.61
2nd payment$0.00$1,029.19$0.00
Taxes / mo$135.17$135.17$135.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$95.00$95.00$95.00
Total monthly$1,727.56$2,756.75$3,204.78
Cash to close$199,378$45,000$45,000