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$294,087$294,087$494,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$200,823$0
Funding fee$1,470$1,470$0
Note rate2.840%2.840%7.400%
Blended rate2.840%4.832%7.640%
1st payment$1,367.12$1,367.12$3,426.66
2nd payment$0.00$1,296.98$0.00
Taxes / mo$133.67$133.67$133.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,667.45$2,964.43$3,825.97
Cash to close$255,813$54,990$54,990