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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$259,792$259,792$405,000
Remaining term (yrs)15.315.330.0
Secondary amount$0$145,208$0
Funding fee$1,299$1,299$0
Note rate3.910%3.910%7.320%
Blended rate3.910%5.376%7.560%
1st payment$1,872.01$1,872.01$2,782.07
2nd payment$0.00$968.05$0.00
Taxes / mo$440.25$440.25$440.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$33.33$33.33$33.33
Total monthly$2,495.59$3,463.64$3,486.65
Cash to close$190,208$45,000$45,000