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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$247,541$247,541$449,999
Remaining term (yrs)23.923.930.0
Secondary amount$0$202,458$0
Funding fee$1,238$1,238$0
Note rate2.86%2.86%7.18%
Blended rate2.86%5.06%7.42%
1st payment$1,188.97$1,188.97$3,048.45
2nd payment$0.00$1,307.54$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$2,797.68$3,439.62
Cash to close$252,458$50,000$50,000