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$147,884$147,884$445,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$297,616$0
Funding fee$739$739$0
Note rate2.890%2.890%7.400%
Blended rate2.890%6.137%7.640%
1st payment$709.18$709.18$3,084.55
2nd payment$0.00$1,922.10$0.00
Taxes / mo$346.25$346.25$346.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,222.09$3,144.19$3,686.57
Cash to close$347,116$49,500$49,500