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$268,487$268,487$355,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$87,013$0
Funding fee$1,342$1,342$0
Note rate3.090%3.090%7.400%
Blended rate3.090%4.537%7.640%
1st payment$1,297.33$1,297.33$2,461.41
2nd payment$0.00$652.60$0.00
Taxes / mo$116.58$116.58$116.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,563.92$2,216.51$2,799.09
Cash to close$126,513$39,500$39,500