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$265,994$265,994$335,250
Remaining term (yrs)24.924.930.0
Secondary amount$0$69,256$0
Funding fee$1,330$1,330$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.136%7.640%
1st payment$1,243.46$1,243.46$2,321.20
2nd payment$0.00$519.42$0.00
Taxes / mo$8.72$8.72$8.72
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.05
HOA / mo$140.00$140.00$140.00
Total monthly$1,542.18$2,061.60$2,686.97
Cash to close$106,506$37,250$37,250