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$330,799$330,799$468,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$137,201$0
Funding fee$1,654$1,654$0
Note rate2.710%2.710%7.400%
Blended rate2.710%4.261%7.640%
1st payment$1,548.39$1,548.39$3,240.34
2nd payment$0.00$914.68$0.00
Taxes / mo$308.70$308.70$308.70
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,023.76$2,938.43$3,809.30
Cash to close$189,201$52,000$52,000