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$278,859$278,859$539,100
Remaining term (yrs)27.027.030.0
Secondary amount$0$260,241$0
Funding fee$1,394$1,394$0
Note rate7.120%7.120%7.400%
Blended rate7.120%7.424%7.640%
1st payment$1,935.97$1,935.97$3,732.62
2nd payment$0.00$1,680.73$0.00
Taxes / mo$171.25$171.25$171.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.82
HOA / mo$164.67$164.67$164.67
Total monthly$2,438.56$4,119.28$4,343.03
Cash to close$320,141$59,900$59,900