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$273,857$273,857$558,000
Remaining term (yrs)22.022.030.0
Secondary amount$0$284,143$0
Funding fee$1,369$1,369$0
Note rate4.630%4.630%7.400%
Blended rate4.630%6.219%7.640%
1st payment$1,648.49$1,648.49$3,863.48
2nd payment$0.00$1,835.09$0.00
Taxes / mo$161.53$161.53$161.53
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.60
HOA / mo$73.00$73.00$73.00
Total monthly$2,049.69$3,884.78$4,376.28
Cash to close$346,143$62,000$62,000