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$250,190$250,190$310,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$60,310$0
Funding fee$1,251$1,251$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.528%7.640%
1st payment$1,230.43$1,230.43$2,149.84
2nd payment$0.00$452.33$0.00
Taxes / mo$153.67$153.67$153.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$79.67$79.67$79.67
Total monthly$1,613.76$2,066.09$2,595.28
Cash to close$94,810$34,500$34,500