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$282,647$282,647$377,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$95,263$0
Funding fee$1,413$1,413$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.423%7.640%
1st payment$1,353.97$1,353.97$2,616.57
2nd payment$0.00$714.48$0.00
Taxes / mo$305.97$305.97$305.97
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,809.94$2,524.42$3,148.12
Cash to close$137,253$41,990$41,990