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$252,773$252,773$400,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$147,727$0
Funding fee$1,264$1,264$0
Note rate3.180%3.180%7.400%
Blended rate3.180%4.958%7.640%
1st payment$1,261.77$1,261.77$2,772.98
2nd payment$0.00$984.85$0.00
Taxes / mo$271.92$271.92$271.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$1.00$1.00$1.00
Total monthly$1,684.68$2,669.53$3,276.00
Cash to close$192,227$44,500$44,500