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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$257,737$257,737$562,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$304,763$0
Funding fee$1,289$1,289$0
Note rate3.01%3.01%7.18%
Blended rate3.01%5.578%7.42%
1st payment$1,260.82$1,260.82$3,810.57
2nd payment$0.00$1,968.26$0.00
Taxes / mo$167.42$167.42$167.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$60.67$60.67$60.67
Total monthly$1,655.57$3,623.83$4,317.82
Cash to close$367,263$62,500$62,500