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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$268,658$268,658$378,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$109,342$0
Funding fee$1,343$1,343$0
Note rate2.94%2.94%7.18%
Blended rate2.94%4.404%7.42%
1st payment$1,274.30$1,274.30$2,560.70
2nd payment$0.00$728.95$0.00
Taxes / mo$173.08$173.08$173.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$66.67$66.67$66.67
Total monthly$1,664.06$2,393.00$3,026.06
Cash to close$151,342$42,000$42,000