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$135,695$135,695$328,500
Remaining term (yrs)9.79.730.0
Secondary amount$0$192,805$0
Funding fee$678$678$0
Note rate2.270%2.270%7.400%
Blended rate2.270%5.633%7.640%
1st payment$1,284.15$1,284.15$2,274.47
2nd payment$0.00$1,285.37$0.00
Taxes / mo$5.17$5.17$5.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$12.92$12.92$12.92
Total monthly$1,452.24$2,737.61$2,508.25
Cash to close$229,305$36,500$36,500