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$155,764$155,764$364,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$208,736$0
Funding fee$779$779$0
Note rate3.310%3.310%7.400%
Blended rate3.310%5.853%7.640%
1st payment$789.94$789.94$2,523.72
2nd payment$0.00$1,348.09$0.00
Taxes / mo$126.17$126.17$126.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,066.11$2,414.19$2,872.79
Cash to close$249,236$40,500$40,500