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$281,403$281,403$449,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$168,507$0
Funding fee$1,407$1,407$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.810%7.640%
1st payment$1,350.90$1,350.90$3,115.09
2nd payment$0.00$1,123.38$0.00
Taxes / mo$273.33$273.33$273.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,790.90$2,914.29$3,645.07
Cash to close$218,497$49,990$49,990