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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$280,233$280,233$400,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$120,267$0
Funding fee$1,401$1,401$0
Note rate3.470%3.470%7.320%
Blended rate3.470%4.830%7.560%
1st payment$1,451.40$1,451.40$2,751.16
2nd payment$0.00$801.78$0.00
Taxes / mo$186.58$186.58$186.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$118.00$118.00$118.00
Total monthly$1,905.98$2,707.76$3,285.84
Cash to close$164,767$44,500$44,500