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$270,151$270,151$287,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$33,754$0
Funding fee$1,351$1,351$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.048%7.640%
1st payment$1,282.44$1,282.44$1,993.43
2nd payment$0.00$334.03$0.00
Taxes / mo$109.75$109.75$109.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,542.19$1,876.22$2,310.76
Cash to close$49,749$15,995$31,990