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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$281,995$281,995$360,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$78,005$0
Funding fee$1,410$1,410$0
Note rate3.14%3.14%7.18%
Blended rate3.14%4.41%7.42%
1st payment$1,351.95$1,351.95$2,438.77
2nd payment$0.00$585.04$0.00
Taxes / mo$101.25$101.25$101.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$85.00$85.00$85.00
Total monthly$1,688.20$2,273.24$2,847.02
Cash to close$118,005$40,000$40,000