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$255,626$255,626$472,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$216,874$0
Funding fee$1,278$1,278$0
Note rate3.500%3.500%7.400%
Blended rate3.500%5.451%7.640%
1st payment$1,322.02$1,322.02$3,271.49
2nd payment$0.00$1,400.64$0.00
Taxes / mo$135.33$135.33$135.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$155.00$155.00$155.00
Total monthly$1,779.02$3,179.66$3,822.99
Cash to close$269,374$52,500$52,500