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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$278,577$278,577$539,100
Remaining term (yrs)27.027.030.0
Secondary amount$0$260,523$0
Funding fee$1,393$1,393$0
Note rate7.12%7.12%7.18%
Blended rate7.12%7.424%7.42%
1st payment$1,935.97$1,935.97$3,652.05
2nd payment$0.00$1,682.54$0.00
Taxes / mo$171.25$171.25$171.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.82
HOA / mo$164.67$164.67$164.67
Total monthly$2,438.56$4,121.10$4,262.46
Cash to close$320,423$59,900$59,900