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$264,940$264,940$373,410
Remaining term (yrs)22.922.930.0
Secondary amount$0$108,470$0
Funding fee$1,325$1,325$0
Note rate3.770%3.770%7.400%
Blended rate3.770%4.999%7.640%
1st payment$1,436.92$1,436.92$2,585.42
2nd payment$0.00$723.14$0.00
Taxes / mo$315.00$315.00$315.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.68
HOA / mo$13.42$13.42$13.42
Total monthly$1,915.34$2,638.48$3,138.52
Cash to close$149,960$41,490$41,490