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$282,083$282,083$310,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$28,417$0
Funding fee$1,410$1,410$0
Note rate2.810%2.810%7.400%
Blended rate2.810%3.377%7.640%
1st payment$1,337.94$1,337.94$2,149.84
2nd payment$0.00$213.13$0.00
Taxes / mo$106.58$106.58$106.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,594.53$1,807.66$2,468.52
Cash to close$62,917$34,500$34,500