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$269,186$269,186$504,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$234,814$0
Funding fee$1,346$1,346$0
Note rate2.960%2.960%7.400%
Blended rate2.960%5.192%7.640%
1st payment$1,303.65$1,303.65$3,489.59
2nd payment$0.00$1,516.51$0.00
Taxes / mo$156.00$156.00$156.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$106.00$106.00$106.00
Total monthly$1,732.32$3,248.83$4,019.06
Cash to close$290,814$56,000$56,000