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$265,421$265,421$369,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$103,579$0
Funding fee$1,327$1,327$0
Note rate2.98%2.98%7.18%
Blended rate2.98%4.389%7.42%
1st payment$1,261.58$1,261.58$2,499.73
2nd payment$0.00$690.52$0.00
Taxes / mo$103.50$103.50$103.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$72.00$72.00$72.00
Total monthly$1,587.08$2,277.60$2,899.03
Cash to close$144,579$41,000$41,000