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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$291,652$291,652$476,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$184,448$0
Funding fee$1,458$1,458$0
Note rate2.9%2.9%7.18%
Blended rate2.9%4.876%7.42%
1st payment$1,374.18$1,374.18$3,225.27
2nd payment$0.00$1,229.65$0.00
Taxes / mo$180.17$180.17$180.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,721.02$2,950.67$3,667.32
Cash to close$237,348$52,900$52,900