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$142,539$142,539$279,900
Remaining term (yrs)10.010.030.0
Secondary amount$0$137,361$0
Funding fee$713$713$0
Note rate2.180%2.180%7.400%
Blended rate2.180%5.036%7.640%
1st payment$1,303.66$1,303.66$1,937.97
2nd payment$0.00$915.74$0.00
Taxes / mo$345.58$345.58$345.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.98
HOA / mo$8.33$8.33$8.33
Total monthly$1,807.57$2,723.31$2,497.86
Cash to close$168,461$31,100$31,100