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$278,536$278,536$346,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$67,964$0
Funding fee$1,393$1,393$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.257%7.640%
1st payment$1,323.75$1,323.75$2,399.10
2nd payment$0.00$509.73$0.00
Taxes / mo$107.92$107.92$107.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$85.00$85.00$85.00
Total monthly$1,666.67$2,176.40$2,811.31
Cash to close$106,464$38,500$38,500