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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$272,647$272,647$339,300
Remaining term (yrs)24.124.130.0
Secondary amount$0$66,653$0
Funding fee$1,363$1,363$0
Note rate2.71%2.71%7.18%
Blended rate2.71%3.946%7.42%
1st payment$1,279.30$1,279.30$2,298.54
2nd payment$0.00$499.90$0.00
Taxes / mo$125.25$125.25$125.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.86
HOA / mo$65.00$65.00$65.00
Total monthly$1,619.55$2,119.44$2,706.65
Cash to close$104,353$37,700$37,700