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$280,233$280,233$407,160
Remaining term (yrs)23.523.530.0
Secondary amount$0$126,927$0
Funding fee$1,401$1,401$0
Note rate3.470%3.470%7.400%
Blended rate3.470%4.882%7.640%
1st payment$1,451.40$1,451.40$2,819.09
2nd payment$0.00$846.18$0.00
Taxes / mo$186.58$186.58$186.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$81.43
HOA / mo$118.00$118.00$118.00
Total monthly$1,922.65$2,768.83$3,371.78
Cash to close$172,167$45,240$45,240