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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$278,001$278,001$557,910
Remaining term (yrs)21.221.230.0
Secondary amount$0$279,909$0
Funding fee$1,390$1,390$0
Note rate3.95%3.95%7.18%
Blended rate3.95%5.856%7.42%
1st payment$1,608.68$1,608.68$3,779.48
2nd payment$0.00$1,807.75$0.00
Taxes / mo$155.67$155.67$155.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.58
HOA / mo$45.00$45.00$45.00
Total monthly$1,976.01$3,783.76$4,258.39
Cash to close$341,899$61,990$61,990