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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$268,546$268,546$504,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$235,454$0
Funding fee$1,343$1,343$0
Note rate2.96%2.96%7.18%
Blended rate2.96%5.198%7.42%
1st payment$1,303.65$1,303.65$3,414.27
2nd payment$0.00$1,520.64$0.00
Taxes / mo$156.00$156.00$156.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$106.00$106.00$106.00
Total monthly$1,732.32$3,252.96$3,943.74
Cash to close$291,454$56,000$56,000