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$279,313$279,313$359,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$79,787$0
Funding fee$1,397$1,397$0
Note rate3.170%3.170%7.400%
Blended rate3.170%4.465%7.640%
1st payment$1,361.33$1,361.33$2,486.34
2nd payment$0.00$598.41$0.00
Taxes / mo$538.33$538.33$538.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,049.66$2,648.07$3,246.49
Cash to close$119,687$39,900$39,900