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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$258,767$258,767$405,000
Remaining term (yrs)15.215.230.0
Secondary amount$0$146,233$0
Funding fee$1,294$1,294$0
Note rate3.91%3.91%7.18%
Blended rate3.91%5.387%7.42%
1st payment$1,872.01$1,872.01$2,743.61
2nd payment$0.00$974.89$0.00
Taxes / mo$440.25$440.25$440.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$33.33$33.33$33.33
Total monthly$2,495.59$3,470.48$3,448.19
Cash to close$191,233$45,000$45,000