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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$217,669$217,669$256,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$38,831$0
Funding fee$1,088$1,088$0
Note rate2.7%2.7%7.18%
Blended rate2.7%3.654%7.42%
1st payment$1,015.29$1,015.29$1,737.62
2nd payment$0.00$291.24$0.00
Taxes / mo$169.67$169.67$169.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.30
HOA / mo$23.33$23.33$23.33
Total monthly$1,358.29$1,649.52$2,131.92
Cash to close$67,331$28,500$28,500