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$269,276$269,276$355,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$86,224$0
Funding fee$1,346$1,346$0
Note rate2.890%2.890%7.400%
Blended rate2.890%4.372%7.640%
1st payment$1,288.24$1,288.24$2,461.41
2nd payment$0.00$646.68$0.00
Taxes / mo$218.92$218.92$218.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$66.00$66.00$66.00
Total monthly$1,723.15$2,369.83$2,967.43
Cash to close$125,724$39,500$39,500