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$241,026$241,026$440,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$199,884$0
Funding fee$1,205$1,205$0
Note rate2.790%2.790%7.400%
Blended rate2.790%5.152%7.640%
1st payment$1,132.60$1,132.60$3,052.77
2nd payment$0.00$1,332.56$0.00
Taxes / mo$93.00$93.00$93.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,392.27$2,724.83$3,400.62
Cash to close$248,874$48,990$48,990