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$273,525$273,525$359,999
Remaining term (yrs)25.625.630.0
Secondary amount$0$86,474$0
Funding fee$1,368$1,368$0
Note rate4.98%4.98%7.18%
Blended rate4.98%5.946%7.42%
1st payment$1,574.99$1,574.99$2,438.76
2nd payment$0.00$648.55$0.00
Taxes / mo$174.67$174.67$174.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$125.00$125.00$125.00
Total monthly$2,024.65$2,673.21$2,960.43
Cash to close$126,474$40,000$40,000