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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$269,273$269,273$378,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$108,727$0
Funding fee$1,346$1,346$0
Note rate2.940%2.940%7.320%
Blended rate2.940%4.395%7.560%
1st payment$1,274.30$1,274.30$2,596.60
2nd payment$0.00$724.85$0.00
Taxes / mo$173.08$173.08$173.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$66.67$66.67$66.67
Total monthly$1,664.06$2,388.91$3,061.95
Cash to close$150,727$42,000$42,000