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$272,804$272,804$342,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$69,196$0
Funding fee$1,364$1,364$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.030%7.640%
1st payment$1,246.94$1,246.94$2,367.94
2nd payment$0.00$518.97$0.00
Taxes / mo$132.33$132.33$132.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$15.67$15.67$15.67
Total monthly$1,544.94$2,063.91$2,734.34
Cash to close$107,196$38,000$38,000