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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$271,036$271,036$449,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$178,064$0
Funding fee$1,355$1,355$0
Note rate2.88%2.88%7.18%
Blended rate2.88%4.91%7.42%
1st payment$1,307.75$1,307.75$3,042.36
2nd payment$0.00$1,187.10$0.00
Taxes / mo$159.08$159.08$159.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.82
HOA / mo$96.00$96.00$96.00
Total monthly$1,729.50$2,916.60$3,553.93
Cash to close$227,964$49,900$49,900