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$233,294$233,294$467,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$234,705$0
Funding fee$1,166$1,166$0
Note rate2.960%2.960%7.400%
Blended rate2.960%5.362%7.640%
1st payment$1,129.83$1,129.83$3,240.33
2nd payment$0.00$1,515.80$0.00
Taxes / mo$234.50$234.50$234.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$230.00$230.00$230.00
Total monthly$1,761.00$3,276.80$3,965.10
Cash to close$286,705$52,000$52,000