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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$183,465$183,465$337,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$154,035$0
Funding fee$917$917$0
Note rate2.81%2.81%7.18%
Blended rate2.81%5.179%7.42%
1st payment$864.00$864.00$2,286.34
2nd payment$0.00$1,026.90$0.00
Taxes / mo$110.50$110.50$110.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,124.50$2,151.39$2,614.34
Cash to close$191,535$37,500$37,500