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$250,546$250,546$553,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$302,954$0
Funding fee$1,253$1,253$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.546%7.640%
1st payment$1,169.88$1,169.88$3,832.32
2nd payment$0.00$1,956.58$0.00
Taxes / mo$533.33$533.33$533.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.70
HOA / mo$240.00$240.00$240.00
Total monthly$2,109.88$4,066.46$4,883.02
Cash to close$364,454$61,500$61,500