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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$281,405$281,405$310,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$29,095$0
Funding fee$1,407$1,407$0
Note rate2.81%2.81%7.18%
Blended rate2.81%3.39%7.42%
1st payment$1,337.94$1,337.94$2,103.44
2nd payment$0.00$218.21$0.00
Taxes / mo$106.58$106.58$106.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,594.53$1,812.74$2,422.12
Cash to close$63,595$34,500$34,500