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$234,912$234,912$440,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$205,188$0
Funding fee$1,175$1,175$0
Note rate2.700%2.700%7.400%
Blended rate2.700%5.054%7.640%
1st payment$1,101.04$1,101.04$3,047.16
2nd payment$0.00$1,325.17$0.00
Taxes / mo$252.75$252.75$252.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.02
HOA / mo$39.33$39.33$39.33
Total monthly$1,559.79$2,884.96$3,593.93
Cash to close$254,088$48,900$48,900