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$278,118$278,118$310,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$32,382$0
Funding fee$1,391$1,391$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.029%7.640%
1st payment$1,367.78$1,367.78$2,149.84
2nd payment$0.00$242.86$0.00
Taxes / mo$61.17$61.17$61.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$375.00$375.00$375.00
Total monthly$1,953.95$2,196.81$2,798.11
Cash to close$66,882$34,500$34,500