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$261,850$261,850$359,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$98,060$0
Funding fee$1,309$1,309$0
Note rate2.8%2.8%7.18%
Blended rate2.8%4.489%7.42%
1st payment$1,217.46$1,217.46$2,438.16
2nd payment$0.00$735.45$0.00
Taxes / mo$119.67$119.67$119.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,487.13$2,222.58$2,779.80
Cash to close$138,050$39,990$39,990