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$138,439$138,439$292,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$154,061$0
Funding fee$692$692$0
Note rate3.700%3.700%7.400%
Blended rate3.700%5.965%7.640%
1st payment$745.66$745.66$2,025.21
2nd payment$0.00$1,027.07$0.00
Taxes / mo$352.33$352.33$352.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,247.99$2,275.06$2,586.04
Cash to close$186,561$32,500$32,500