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$141,672$141,672$337,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$195,828$0
Funding fee$708$708$0
Note rate2.670%2.670%7.400%
Blended rate2.670%5.763%7.640%
1st payment$658.66$658.66$2,336.78
2nd payment$0.00$1,305.52$0.00
Taxes / mo$57.00$57.00$57.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$33.33$33.33$33.33
Total monthly$898.99$2,204.51$2,644.61
Cash to close$233,328$37,500$37,500