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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$268,137$268,137$472,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$204,363$0
Funding fee$1,341$1,341$0
Note rate2.71%2.71%7.18%
Blended rate2.71%4.89%7.42%
1st payment$1,261.20$1,261.20$3,200.88
2nd payment$0.00$1,319.85$0.00
Taxes / mo$196.08$196.08$196.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$20.00$20.00$20.00
Total monthly$1,643.95$2,963.80$3,678.13
Cash to close$256,863$52,500$52,500