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$290,241$290,241$373,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$83,259$0
Funding fee$1,451$1,451$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.236%7.640%
1st payment$1,353.73$1,353.73$2,586.04
2nd payment$0.00$624.44$0.00
Taxes / mo$256.92$256.92$256.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$135.00$135.00$135.00
Total monthly$1,895.64$2,520.09$3,202.66
Cash to close$124,759$41,500$41,500