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$271,260$271,260$449,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$177,840$0
Funding fee$1,356$1,356$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.920%7.640%
1st payment$1,272.28$1,272.28$3,109.48
2nd payment$0.00$1,185.60$0.00
Taxes / mo$51.50$51.50$51.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,490.45$2,676.05$3,417.46
Cash to close$227,740$49,900$49,900