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$262,712$262,712$440,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$178,198$0
Funding fee$1,314$1,314$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.908%7.640%
1st payment$1,234.28$1,234.28$3,052.77
2nd payment$0.00$1,187.99$0.00
Taxes / mo$202.92$202.92$202.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,603.86$2,791.85$3,510.54
Cash to close$227,188$48,990$48,990