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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$279,592$279,592$400,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$120,908$0
Funding fee$1,398$1,398$0
Note rate3.47%3.47%7.18%
Blended rate3.47%4.838%7.42%
1st payment$1,451.40$1,451.40$2,713.13
2nd payment$0.00$806.06$0.00
Taxes / mo$186.58$186.58$186.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$118.00$118.00$118.00
Total monthly$1,905.98$2,712.04$3,247.81
Cash to close$165,408$44,500$44,500