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$256,662$256,662$319,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$62,838$0
Funding fee$1,283$1,283$0
Note rate3.760%3.760%7.400%
Blended rate3.760%4.791%7.640%
1st payment$1,300.33$1,300.33$2,212.15
2nd payment$0.00$471.28$0.00
Taxes / mo$101.75$101.75$101.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$40.00$40.00$40.00
Total monthly$1,592.08$2,063.36$2,567.80
Cash to close$98,338$35,500$35,500