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$277,742$277,742$450,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$172,258$0
Funding fee$1,389$1,389$0
Note rate2.680%2.680%7.400%
Blended rate2.680%4.716%7.640%
1st payment$1,274.31$1,274.31$3,115.71
2nd payment$0.00$1,148.39$0.00
Taxes / mo$106.33$106.33$106.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$41.67$41.67$41.67
Total monthly$1,588.98$2,737.37$3,520.38
Cash to close$222,258$50,000$50,000