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$292,320$292,320$476,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$183,780$0
Funding fee$1,462$1,462$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.869%7.640%
1st payment$1,374.18$1,374.18$3,296.42
2nd payment$0.00$1,225.20$0.00
Taxes / mo$180.17$180.17$180.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,721.02$2,946.22$3,738.47
Cash to close$236,680$52,900$52,900