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$143,711$143,711$233,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$90,199$0
Funding fee$719$719$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.240%7.640%
1st payment$672.56$672.56$1,619.55
2nd payment$0.00$676.49$0.00
Taxes / mo$58.67$58.67$58.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.78
HOA / mo$40.00$40.00$40.00
Total monthly$921.23$1,597.72$1,914.99
Cash to close$116,189$25,990$25,990