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$247,526$247,526$573,300
Remaining term (yrs)24.724.730.0
Secondary amount$0$325,774$0
Funding fee$1,238$1,238$0
Note rate2.990%2.990%7.400%
Blended rate2.990%5.695%7.640%
1st payment$1,177.80$1,177.80$3,969.41
2nd payment$0.00$2,103.96$0.00
Taxes / mo$530.83$530.83$530.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.66
HOA / mo$0.00$0.00$0.00
Total monthly$1,875.30$3,979.26$4,781.57
Cash to close$389,474$63,700$63,700