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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$248,138$248,138$449,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$201,861$0
Funding fee$1,241$1,241$0
Note rate2.860%2.860%7.400%
Blended rate2.860%5.054%7.640%
1st payment$1,188.97$1,188.97$3,115.70
2nd payment$0.00$1,303.68$0.00
Taxes / mo$134.50$134.50$134.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,490.14$2,793.82$3,506.87
Cash to close$251,861$50,000$50,000