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$257,229$257,229$485,550
Remaining term (yrs)23.723.730.0
Secondary amount$0$228,321$0
Funding fee$1,286$1,286$0
Note rate3.280%3.280%7.400%
Blended rate3.280%5.382%7.640%
1st payment$1,297.46$1,297.46$3,361.85
2nd payment$0.00$1,474.57$0.00
Taxes / mo$174.73$174.73$174.73
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.11
HOA / mo$15.33$15.33$15.33
Total monthly$1,654.19$3,128.76$3,815.69
Cash to close$282,271$53,950$53,950