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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$269,595$269,595$360,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$90,405$0
Funding fee$1,348$1,348$0
Note rate2.81%2.81%7.18%
Blended rate2.81%4.364%7.42%
1st payment$1,278.71$1,278.71$2,438.77
2nd payment$0.00$678.04$0.00
Taxes / mo$128.58$128.58$128.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$71.00$71.00$71.00
Total monthly$1,628.30$2,306.33$2,860.35
Cash to close$130,405$40,000$40,000