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$277,312$277,312$481,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$204,188$0
Funding fee$1,387$1,387$0
Note rate2.600%2.600%7.400%
Blended rate2.600%4.784%7.640%
1st payment$1,261.07$1,261.07$3,333.81
2nd payment$0.00$1,318.71$0.00
Taxes / mo$106.33$106.33$106.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.30
HOA / mo$41.67$41.67$41.67
Total monthly$1,575.74$2,894.45$3,744.78
Cash to close$257,688$53,500$53,500