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$241,543$241,543$517,410
Remaining term (yrs)24.024.030.0
Secondary amount$0$275,867$0
Funding fee$1,208$1,208$0
Note rate2.910%2.910%7.400%
Blended rate2.910%5.491%7.640%
1st payment$1,163.56$1,163.56$3,582.44
2nd payment$0.00$1,781.64$0.00
Taxes / mo$199.42$199.42$199.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.48
HOA / mo$56.00$56.00$56.00
Total monthly$1,585.65$3,367.29$4,108.01
Cash to close$333,357$57,490$57,490