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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$112,674$112,674$279,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$166,326$0
Funding fee$563$563$0
Note rate2.770%2.770%7.320%
Blended rate2.770%5.888%7.560%
1st payment$530.84$530.84$1,916.54
2nd payment$0.00$1,108.84$0.00
Taxes / mo$90.42$90.42$90.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.80
HOA / mo$2.08$2.08$2.08
Total monthly$773.34$1,882.18$2,214.83
Cash to close$197,326$31,000$31,000