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$168,022$168,022$260,999
Remaining term (yrs)23.323.330.0
Secondary amount$0$92,977$0
Funding fee$840$840$0
Note rate2.710%2.710%7.400%
Blended rate2.710%4.951%7.640%
1st payment$808.25$808.25$1,807.11
2nd payment$0.00$697.33$0.00
Taxes / mo$241.67$241.67$241.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,199.92$1,897.25$2,250.97
Cash to close$121,977$29,000$29,000