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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$184,776$184,776$337,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$152,724$0
Funding fee$924$924$0
Note rate2.81%2.81%7.18%
Blended rate2.81%5.159%7.42%
1st payment$870.17$870.17$2,286.34
2nd payment$0.00$1,018.16$0.00
Taxes / mo$123.58$123.58$123.58
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$1,143.75$2,161.91$2,627.43
Cash to close$190,224$37,500$37,500