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$159,949$159,949$422,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$262,961$0
Funding fee$800$800$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.908%7.640%
1st payment$768.05$768.05$2,928.14
2nd payment$0.00$1,698.29$0.00
Taxes / mo$337.75$337.75$337.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.58
HOA / mo$865.00$865.00$865.00
Total monthly$2,137.46$3,835.75$4,382.14
Cash to close$309,951$46,990$46,990