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$266,689$266,689$764,998
Remaining term (yrs)25.025.030.0
Secondary amount$0$498,310$0
Funding fee$1,333$1,333$0
Note rate2.870%2.870%7.400%
Blended rate2.870%6.049%7.640%
1st payment$1,243.88$1,243.88$5,296.69
2nd payment$0.00$3,218.25$0.00
Taxes / mo$374.67$374.67$374.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$153.00
HOA / mo$79.00$79.00$79.00
Total monthly$1,914.21$5,132.46$6,120.03
Cash to close$583,309$85,000$85,000