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$152,634$152,634$328,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$175,866$0
Funding fee$763$763$0
Note rate2.650%2.650%7.400%
Blended rate2.650%5.514%7.640%
1st payment$706.36$706.36$2,274.47
2nd payment$0.00$1,172.44$0.00
Taxes / mo$147.94$147.94$147.94
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,004.30$2,176.74$2,638.11
Cash to close$212,366$36,500$36,500