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$267,563$267,563$535,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$267,937$0
Funding fee$1,338$1,338$0
Note rate2.680%2.680%7.400%
Blended rate2.680%5.217%7.640%
1st payment$1,242.30$1,242.30$3,707.69
2nd payment$0.00$1,730.42$0.00
Taxes / mo$219.83$219.83$219.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.10
HOA / mo$29.17$29.17$29.17
Total monthly$1,657.97$3,388.40$4,230.46
Cash to close$327,437$59,500$59,500