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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$275,814$275,814$382,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$106,686$0
Funding fee$1,379$1,379$0
Note rate3.02%3.02%7.18%
Blended rate3.02%4.409%7.42%
1st payment$1,316.71$1,316.71$2,591.19
2nd payment$0.00$711.24$0.00
Taxes / mo$202.58$202.58$202.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,669.29$2,380.53$3,020.27
Cash to close$149,186$42,500$42,500