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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$271,457$271,457$454,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$183,043$0
Funding fee$1,357$1,357$0
Note rate2.67%2.67%7.18%
Blended rate2.67%4.817%7.42%
1st payment$1,265.12$1,265.12$3,078.94
2nd payment$0.00$1,220.28$0.00
Taxes / mo$175.08$175.08$175.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,606.87$2,827.15$3,511.59
Cash to close$233,543$50,500$50,500