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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$273,272$273,272$288,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$30,728$0
Funding fee$1,366$1,366$0
Note rate3.090%3.090%7.320%
Blended rate3.090%3.978%7.560%
1st payment$1,300.12$1,300.12$1,978.36
2nd payment$0.00$304.08$0.00
Taxes / mo$51.42$51.42$51.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$185.00$185.00$185.00
Total monthly$1,686.54$1,990.62$2,422.38
Cash to close$46,728$16,000$32,000