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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$247,938$247,938$454,410
Remaining term (yrs)25.025.030.0
Secondary amount$0$206,472$0
Funding fee$1,240$1,240$0
Note rate2.900%2.900%7.320%
Blended rate2.900%5.104%7.560%
1st payment$1,157.65$1,157.65$3,121.48
2nd payment$0.00$1,333.47$0.00
Taxes / mo$213.58$213.58$213.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.88
HOA / mo$43.00$43.00$43.00
Total monthly$1,580.90$2,914.37$3,635.61
Cash to close$256,962$50,490$50,490