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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$267,056$267,056$314,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$47,854$0
Funding fee$1,335$1,335$0
Note rate3.010%3.010%7.320%
Blended rate3.010%3.920%7.560%
1st payment$1,262.17$1,262.17$2,163.21
2nd payment$0.00$358.91$0.00
Taxes / mo$139.75$139.75$139.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.98
HOA / mo$65.00$65.00$65.00
Total monthly$1,616.92$1,975.82$2,580.95
Cash to close$82,844$34,990$34,990