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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$263,035$263,035$441,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$177,965$0
Funding fee$1,315$1,315$0
Note rate2.81%2.81%7.18%
Blended rate2.81%4.904%7.42%
1st payment$1,232.90$1,232.90$2,987.49
2nd payment$0.00$1,186.43$0.00
Taxes / mo$206.75$206.75$206.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.20
HOA / mo$142.00$142.00$142.00
Total monthly$1,748.31$2,934.75$3,591.10
Cash to close$226,965$49,000$49,000