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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$147,472$147,472$337,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$190,028$0
Funding fee$737$737$0
Note rate2.98%2.98%7.18%
Blended rate2.98%5.806%7.42%
1st payment$700.95$700.95$2,286.34
2nd payment$0.00$1,266.86$0.00
Taxes / mo$153.33$153.33$153.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$75.00$75.00$75.00
Total monthly$1,079.28$2,346.14$2,732.18
Cash to close$227,528$37,500$37,500