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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$255,406$255,406$427,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$172,094$0
Funding fee$1,277$1,277$0
Note rate2.810%2.810%7.320%
Blended rate2.810%4.899%7.560%
1st payment$1,217.27$1,217.27$2,936.63
2nd payment$0.00$1,147.29$0.00
Taxes / mo$183.50$183.50$183.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$165.00$165.00$165.00
Total monthly$1,732.43$2,879.72$3,537.30
Cash to close$219,594$47,500$47,500