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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$277,550$277,550$310,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$32,950$0
Funding fee$1,388$1,388$0
Note rate3.450%3.450%7.240%
Blended rate3.450%4.039%7.480%
1st payment$1,367.78$1,367.78$2,116.05
2nd payment$0.00$247.12$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$2,201.07$2,764.32
Cash to close$67,450$34,500$34,500