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$248,203$248,203$490,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$242,297$0
Funding fee$1,241$1,241$0
Note rate2.980%2.980%7.400%
Blended rate2.980%5.336%7.640%
1st payment$1,164.02$1,164.02$3,396.12
2nd payment$0.00$1,564.84$0.00
Taxes / mo$275.58$275.58$275.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.10
HOA / mo$98.00$98.00$98.00
Total monthly$1,704.27$3,269.11$4,034.47
Cash to close$296,797$54,500$54,500