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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$272,675$272,675$288,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$31,325$0
Funding fee$1,363$1,363$0
Note rate3.09%3.09%7.18%
Blended rate3.09%3.995%7.42%
1st payment$1,300.12$1,300.12$1,951.01
2nd payment$0.00$309.99$0.00
Taxes / mo$51.42$51.42$51.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$185.00$185.00$185.00
Total monthly$1,686.54$1,996.52$2,395.03
Cash to close$47,325$16,000$32,000