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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$279,592$279,592$407,160
Remaining term (yrs)23.423.430.0
Secondary amount$0$127,568$0
Funding fee$1,398$1,398$0
Note rate3.47%3.47%7.18%
Blended rate3.47%4.889%7.42%
1st payment$1,451.40$1,451.40$2,758.24
2nd payment$0.00$850.46$0.00
Taxes / mo$186.58$186.58$186.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$81.43
HOA / mo$118.00$118.00$118.00
Total monthly$1,922.65$2,773.11$3,310.93
Cash to close$172,808$45,240$45,240