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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$261,336$261,336$477,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$215,664$0
Funding fee$1,307$1,307$0
Note rate2.84%2.84%7.18%
Blended rate2.84%5.06%7.42%
1st payment$1,214.87$1,214.87$3,231.36
2nd payment$0.00$1,392.83$0.00
Taxes / mo$160.50$160.50$160.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.40
HOA / mo$60.67$60.67$60.67
Total monthly$1,602.71$2,995.53$3,714.60
Cash to close$268,664$53,000$53,000