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$281,696$281,696$436,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$154,804$0
Funding fee$1,408$1,408$0
Note rate2.670%2.670%7.400%
Blended rate2.670%4.560%7.640%
1st payment$1,306.49$1,306.49$3,022.24
2nd payment$0.00$1,032.03$0.00
Taxes / mo$372.75$372.75$372.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.30
HOA / mo$47.00$47.00$47.00
Total monthly$1,892.91$2,924.93$3,695.95
Cash to close$203,304$48,500$48,500