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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$276,555$276,555$517,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$240,945$0
Funding fee$1,383$1,383$0
Note rate3.03%3.03%7.18%
Blended rate3.03%5.228%7.42%
1st payment$1,358.96$1,358.96$3,505.73
2nd payment$0.00$1,556.10$0.00
Taxes / mo$221.92$221.92$221.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$113.00$113.00$113.00
Total monthly$1,860.54$3,416.64$4,110.81
Cash to close$298,445$57,500$57,500