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$214,978$214,978$418,500
Remaining term (yrs)21.421.430.0
Secondary amount$0$203,522$0
Funding fee$1,075$1,075$0
Note rate2.790%2.790%7.400%
Blended rate2.790%5.202%7.640%
1st payment$1,108.94$1,108.94$2,897.61
2nd payment$0.00$1,314.41$0.00
Taxes / mo$332.33$332.33$332.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$2.25$2.25$2.25
Total monthly$1,610.19$2,924.60$3,482.56
Cash to close$250,022$46,500$46,500