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$268,953$268,953$328,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$59,547$0
Funding fee$1,345$1,345$0
Note rate2.700%2.700%7.400%
Blended rate2.700%3.842%7.640%
1st payment$1,260.60$1,260.60$2,274.47
2nd payment$0.00$446.60$0.00
Taxes / mo$78.99$78.99$78.99
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,489.59$1,936.19$2,569.16
Cash to close$96,047$36,500$36,500