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$163,069$163,069$341,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$178,841$0
Funding fee$815$815$0
Note rate2.750%2.750%7.400%
Blended rate2.750%5.496%7.640%
1st payment$759.33$759.33$2,367.32
2nd payment$0.00$1,192.28$0.00
Taxes / mo$241.00$241.00$241.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,150.33$2,342.60$2,826.70
Cash to close$216,831$37,990$37,990