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$269,166$269,166$359,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$90,744$0
Funding fee$1,346$1,346$0
Note rate2.840%2.840%7.400%
Blended rate2.840%4.393%7.640%
1st payment$1,251.27$1,251.27$2,491.94
2nd payment$0.00$680.58$0.00
Taxes / mo$149.83$149.83$149.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$97.00$97.00$97.00
Total monthly$1,648.10$2,328.68$2,960.76
Cash to close$130,734$39,990$39,990