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$295,449$295,449$387,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$91,551$0
Funding fee$1,477$1,477$0
Note rate2.720%2.720%7.400%
Blended rate2.720%4.206%7.640%
1st payment$1,384.43$1,384.43$2,679.51
2nd payment$0.00$686.63$0.00
Taxes / mo$111.42$111.42$111.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$124.00$124.00$124.00
Total monthly$1,769.85$2,456.48$3,142.33
Cash to close$134,551$43,000$43,000