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$252,521$252,521$342,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$89,479$0
Funding fee$1,263$1,263$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.474%7.640%
1st payment$1,220.09$1,220.09$2,367.94
2nd payment$0.00$671.09$0.00
Taxes / mo$266.58$266.58$266.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$245.00$245.00$245.00
Total monthly$1,881.67$2,552.77$3,097.92
Cash to close$127,479$38,000$38,000