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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$285,616$285,616$558,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$272,384$0
Funding fee$1,428$1,428$0
Note rate2.81%2.81%7.18%
Blended rate2.81%5.221%7.42%
1st payment$1,332.51$1,332.51$3,780.09
2nd payment$0.00$1,759.14$0.00
Taxes / mo$210.42$210.42$210.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.60
HOA / mo$110.00$110.00$110.00
Total monthly$1,819.59$3,578.74$4,378.77
Cash to close$334,384$62,000$62,000