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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$277,566$277,566$414,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$136,434$0
Funding fee$1,388$1,388$0
Note rate2.73%2.73%7.18%
Blended rate2.73%4.467%7.42%
1st payment$1,298.91$1,298.91$2,804.58
2nd payment$0.00$909.56$0.00
Taxes / mo$132.08$132.08$132.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$22.83$22.83$22.83
Total monthly$1,620.49$2,530.05$3,208.96
Cash to close$182,434$46,000$46,000