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$253,411$253,411$508,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$255,089$0
Funding fee$1,267$1,267$0
Note rate2.960%2.960%7.400%
Blended rate2.960%5.363%7.640%
1st payment$1,199.14$1,199.14$3,520.75
2nd payment$0.00$1,647.45$0.00
Taxes / mo$186.17$186.17$186.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.70
HOA / mo$85.00$85.00$85.00
Total monthly$1,636.98$3,284.42$4,060.28
Cash to close$311,589$56,500$56,500