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$135,898$135,898$314,910
Remaining term (yrs)14.214.230.0
Secondary amount$0$179,012$0
Funding fee$679$679$0
Note rate2.840%2.840%7.400%
Blended rate2.840%5.773%7.640%
1st payment$962.72$962.72$2,180.37
2nd payment$0.00$1,193.42$0.00
Taxes / mo$170.75$170.75$170.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,283.47$2,476.88$2,564.11
Cash to close$214,002$34,990$34,990