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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$158,716$158,716$387,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$228,284$0
Funding fee$794$794$0
Note rate2.940%2.940%7.320%
Blended rate2.940%5.777%7.560%
1st payment$767.02$767.02$2,658.42
2nd payment$0.00$1,474.33$0.00
Taxes / mo$225.08$225.08$225.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$153.50$153.50$153.50
Total monthly$1,295.60$2,769.93$3,264.40
Cash to close$271,284$43,000$43,000