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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$262,455$262,455$359,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$97,455$0
Funding fee$1,312$1,312$0
Note rate2.800%2.800%7.320%
Blended rate2.800%4.479%7.560%
1st payment$1,217.46$1,217.46$2,472.33
2nd payment$0.00$730.91$0.00
Taxes / mo$119.67$119.67$119.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,487.13$2,218.04$2,813.98
Cash to close$137,445$39,990$39,990