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$270,842$270,842$467,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$196,258$0
Funding fee$1,354$1,354$0
Note rate2.710%2.710%7.400%
Blended rate2.710%4.933%7.640%
1st payment$1,267.75$1,267.75$3,234.11
2nd payment$0.00$1,308.38$0.00
Taxes / mo$398.00$398.00$398.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.42
HOA / mo$133.00$133.00$133.00
Total monthly$1,965.42$3,273.80$4,025.19
Cash to close$248,158$51,900$51,900