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$263,447$263,447$337,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$74,053$0
Funding fee$1,317$1,317$0
Note rate3.010%3.010%7.400%
Blended rate3.010%4.324%7.640%
1st payment$1,245.11$1,245.11$2,336.78
2nd payment$0.00$555.40$0.00
Taxes / mo$312.50$312.50$312.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,707.61$2,263.01$2,866.78
Cash to close$111,553$37,500$37,500