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$272,533$272,533$311,400
Remaining term (yrs)24.924.930.0
Secondary amount$0$38,867$0
Funding fee$1,363$1,363$0
Note rate2.84%2.84%7.18%
Blended rate2.84%3.609%7.42%
1st payment$1,269.82$1,269.82$2,109.53
2nd payment$0.00$291.50$0.00
Taxes / mo$219.67$219.67$219.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.28
HOA / mo$147.00$147.00$147.00
Total monthly$1,786.48$2,077.99$2,688.48
Cash to close$73,467$34,600$34,600