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$270,809$270,809$413,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$143,101$0
Funding fee$1,354$1,354$0
Note rate2.740%2.740%7.400%
Blended rate2.740%4.559%7.640%
1st payment$1,265.64$1,265.64$2,865.83
2nd payment$0.00$954.01$0.00
Taxes / mo$183.92$183.92$183.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.78
HOA / mo$49.00$49.00$49.00
Total monthly$1,665.22$2,619.23$3,348.19
Cash to close$189,091$45,990$45,990