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$166,246$166,246$341,910
Remaining term (yrs)22.422.430.0
Secondary amount$0$175,664$0
Funding fee$831$831$0
Note rate2.730%2.730%7.400%
Blended rate2.730%5.438%7.640%
1st payment$824.75$824.75$2,367.32
2nd payment$0.00$1,171.09$0.00
Taxes / mo$46.50$46.50$46.50
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$1,021.25$2,192.34$2,632.20
Cash to close$213,654$37,990$37,990