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$255,564$255,564$382,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$126,936$0
Funding fee$1,278$1,278$0
Note rate3.500%3.500%7.400%
Blended rate3.500%4.993%7.640%
1st payment$1,324.68$1,324.68$2,648.35
2nd payment$0.00$846.24$0.00
Taxes / mo$201.92$201.92$201.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$75.00$75.00$75.00
Total monthly$1,751.60$2,597.84$3,151.77
Cash to close$169,436$42,500$42,500