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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$275,159$275,159$538,200
Remaining term (yrs)20.620.630.0
Secondary amount$0$263,041$0
Funding fee$1,376$1,376$0
Note rate3.89%3.89%7.18%
Blended rate3.89%5.777%7.42%
1st payment$1,612.10$1,612.10$3,645.95
2nd payment$0.00$1,698.80$0.00
Taxes / mo$172.33$172.33$172.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,951.10$3,649.90$4,092.59
Cash to close$322,841$59,800$59,800