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$223,558$223,558$270,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$46,442$0
Funding fee$1,118$1,118$0
Note rate2.870%2.870%7.400%
Blended rate2.870%3.924%7.640%
1st payment$1,045.08$1,045.08$1,869.43
2nd payment$0.00$348.31$0.00
Taxes / mo$258.50$258.50$258.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.00
HOA / mo$168.00$168.00$168.00
Total monthly$1,621.58$1,969.90$2,499.93
Cash to close$76,442$30,000$30,000