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$267,709$267,709$472,499
Remaining term (yrs)25.025.030.0
Secondary amount$0$204,790$0
Funding fee$1,339$1,339$0
Note rate2.375%2.375%7.400%
Blended rate2.375%4.705%7.640%
1st payment$1,181.32$1,181.32$3,271.49
2nd payment$0.00$1,322.60$0.00
Taxes / mo$8.75$8.75$8.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,356.74$2,679.34$3,541.40
Cash to close$257,290$52,500$52,500