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$262,712$262,712$313,920
Remaining term (yrs)24.524.530.0
Secondary amount$0$51,208$0
Funding fee$1,314$1,314$0
Note rate2.810%2.810%7.400%
Blended rate2.810%3.820%7.640%
1st payment$1,234.28$1,234.28$2,173.52
2nd payment$0.00$384.06$0.00
Taxes / mo$64.08$64.08$64.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,448.36$1,832.42$2,450.39
Cash to close$86,088$34,880$34,880