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$136,382$136,382$350,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$213,718$0
Funding fee$682$682$0
Note rate2.770%2.770%7.400%
Blended rate2.770%5.810%7.640%
1st payment$639.48$639.48$2,424.02
2nd payment$0.00$1,380.26$0.00
Taxes / mo$171.07$171.07$171.07
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$960.55$2,340.81$2,815.12
Cash to close$252,618$38,900$38,900