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$256,167$256,167$292,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$36,333$0
Funding fee$1,281$1,281$0
Note rate2.990%2.990%7.400%
Blended rate2.990%3.737%7.640%
1st payment$1,208.04$1,208.04$2,025.21
2nd payment$0.00$272.50$0.00
Taxes / mo$370.00$370.00$370.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$31.67$31.67$31.67
Total monthly$1,759.71$2,032.20$2,635.38
Cash to close$68,833$32,500$32,500