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$261,228$261,228$607,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$346,272$0
Funding fee$1,306$1,306$0
Note rate2.990%2.990%7.400%
Blended rate2.990%5.703%7.640%
1st payment$1,263.19$1,263.19$4,206.21
2nd payment$0.00$2,236.34$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$83.00$83.00$83.00
Total monthly$2,075.36$4,311.70$5,139.87
Cash to close$413,772$67,500$67,500