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$182,774$182,774$328,410
Remaining term (yrs)21.221.230.0
Secondary amount$0$145,636$0
Funding fee$914$914$0
Note rate2.720%2.720%7.400%
Blended rate2.720%5.061%7.640%
1st payment$941.81$941.81$2,273.84
2nd payment$0.00$970.91$0.00
Taxes / mo$372.25$372.25$372.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,464.06$2,434.97$2,861.78
Cash to close$182,126$36,490$36,490