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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$267,259$267,259$279,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$27,241$0
Funding fee$1,336$1,336$0
Note rate2.75%2.75%7.18%
Blended rate2.75%3.594%7.42%
1st payment$1,224.41$1,224.41$1,890.04
2nd payment$0.00$269.58$0.00
Taxes / mo$187.08$187.08$187.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.80
HOA / mo$79.00$79.00$79.00
Total monthly$1,640.49$1,910.06$2,361.93
Cash to close$42,741$15,500$31,000