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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$279,504$279,504$301,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$38,746$0
Funding fee$1,398$1,398$0
Note rate4.17%4.17%7.18%
Blended rate4.17%5.108%7.42%
1st payment$1,482.27$1,482.27$2,042.47
2nd payment$0.00$383.42$0.00
Taxes / mo$97.75$97.75$97.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,730.02$2,113.44$2,350.52
Cash to close$55,496$16,750$33,500