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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$269,009$269,009$378,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$108,991$0
Funding fee$1,345$1,345$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.349%7.640%
1st payment$1,257.55$1,257.55$2,617.20
2nd payment$0.00$726.61$0.00
Taxes / mo$98.42$98.42$98.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$46.67$46.67$46.67
Total monthly$1,552.64$2,279.25$2,987.88
Cash to close$150,991$42,000$42,000