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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$271,691$271,691$449,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$177,409$0
Funding fee$1,358$1,358$0
Note rate2.880%2.880%7.320%
Blended rate2.880%4.903%7.560%
1st payment$1,307.75$1,307.75$3,085.01
2nd payment$0.00$1,182.72$0.00
Taxes / mo$159.08$159.08$159.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.82
HOA / mo$96.00$96.00$96.00
Total monthly$1,729.50$2,912.23$3,596.58
Cash to close$227,309$49,900$49,900