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$359,550
Remaining term (yrs)25.125.130.0
Secondary amount$0$104,566$0
Funding fee$1,275$1,275$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.504%7.640%
1st payment$1,210.44$1,210.44$2,489.45
2nd payment$0.00$697.11$0.00
Taxes / mo$138.08$138.08$138.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.91
HOA / mo$374.00$374.00$374.00
Total monthly$1,872.53$2,569.64$3,223.44
Cash to close$144,516$39,950$39,950