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$251,424$251,424$443,250
Remaining term (yrs)24.924.930.0
Secondary amount$0$191,826$0
Funding fee$1,257$1,257$0
Note rate2.980%2.980%7.400%
Blended rate2.980%5.153%7.640%
1st payment$1,189.67$1,189.67$3,068.97
2nd payment$0.00$1,278.84$0.00
Taxes / mo$149.33$149.33$149.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.65
HOA / mo$30.00$30.00$30.00
Total monthly$1,535.67$2,814.51$3,503.62
Cash to close$241,076$49,250$49,250