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$256,226$256,226$311,400
Remaining term (yrs)24.624.630.0
Secondary amount$0$55,174$0
Funding fee$1,281$1,281$0
Note rate2.96%2.96%7.18%
Blended rate2.96%4.03%7.42%
1st payment$1,220.78$1,220.78$2,109.53
2nd payment$0.00$413.80$0.00
Taxes / mo$102.75$102.75$102.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.28
HOA / mo$88.00$88.00$88.00
Total monthly$1,561.53$1,975.33$2,512.56
Cash to close$89,774$34,600$34,600