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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$157,901$157,901$296,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$138,199$0
Funding fee$790$790$0
Note rate2.740%2.740%7.320%
Blended rate2.740%5.195%7.560%
1st payment$737.96$737.96$2,034.00
2nd payment$0.00$921.33$0.00
Taxes / mo$60.58$60.58$60.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.22
HOA / mo$151.00$151.00$151.00
Total monthly$1,099.54$2,020.87$2,454.80
Cash to close$171,099$32,900$32,900