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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$282,790$282,790$369,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$86,210$0
Funding fee$1,414$1,414$0
Note rate3.05%3.05%7.18%
Blended rate3.05%4.44%7.42%
1st payment$1,336.56$1,336.56$2,499.73
2nd payment$0.00$646.57$0.00
Taxes / mo$183.75$183.75$183.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$90.00$90.00$90.00
Total monthly$1,760.31$2,406.88$2,997.28
Cash to close$127,210$41,000$41,000