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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$278,457$278,457$792,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$513,543$0
Funding fee$1,392$1,392$0
Note rate2.78%2.78%7.18%
Blended rate2.78%6.003%7.42%
1st payment$1,319.66$1,319.66$5,365.28
2nd payment$0.00$3,316.63$0.00
Taxes / mo$352.00$352.00$352.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$158.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,888.33$5,204.96$6,092.35
Cash to close$601,543$88,000$88,000