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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$253,636$253,636$504,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$250,364$0
Funding fee$1,268$1,268$0
Note rate2.68%2.68%7.18%
Blended rate2.68%5.199%7.42%
1st payment$1,180.48$1,180.48$3,414.27
2nd payment$0.00$1,616.94$0.00
Taxes / mo$142.08$142.08$142.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$50.00$50.00$50.00
Total monthly$1,539.23$3,156.17$3,873.82
Cash to close$306,364$56,000$56,000