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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$293,416$293,416$494,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$201,494$0
Funding fee$1,467$1,467$0
Note rate2.84%2.84%7.18%
Blended rate2.84%4.839%7.42%
1st payment$1,367.12$1,367.12$3,352.69
2nd payment$0.00$1,301.31$0.00
Taxes / mo$133.67$133.67$133.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,667.45$2,968.77$3,752.01
Cash to close$256,484$54,990$54,990