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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$175,548$175,548$383,400
Remaining term (yrs)24.424.430.0
Secondary amount$0$207,852$0
Funding fee$878$878$0
Note rate2.740%2.740%7.320%
Blended rate2.740%5.456%7.560%
1st payment$818.48$818.48$2,633.69
2nd payment$0.00$1,342.38$0.00
Taxes / mo$202.08$202.08$202.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,170.56$2,512.94$3,062.46
Cash to close$250,452$42,600$42,600