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$258,350$258,350$562,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$304,150$0
Funding fee$1,292$1,292$0
Note rate3.010%3.010%7.400%
Blended rate3.010%5.573%7.640%
1st payment$1,260.82$1,260.82$3,894.64
2nd payment$0.00$1,964.30$0.00
Taxes / mo$167.42$167.42$167.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$60.67$60.67$60.67
Total monthly$1,655.57$3,619.87$4,401.89
Cash to close$366,650$62,500$62,500