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$286,278$286,278$558,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$271,722$0
Funding fee$1,431$1,431$0
Note rate2.810%2.810%7.400%
Blended rate2.810%5.216%7.640%
1st payment$1,332.51$1,332.51$3,863.48
2nd payment$0.00$1,754.87$0.00
Taxes / mo$210.42$210.42$210.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.60
HOA / mo$110.00$110.00$110.00
Total monthly$1,819.59$3,574.46$4,462.16
Cash to close$333,722$62,000$62,000