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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$122,906$122,906$232,200
Remaining term (yrs)24.224.230.0
Secondary amount$0$109,294$0
Funding fee$615$615$0
Note rate2.83%2.83%7.18%
Blended rate2.83%5.263%7.42%
1st payment$584.21$584.21$1,573.00
2nd payment$0.00$728.63$0.00
Taxes / mo$211.50$211.50$211.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.44
HOA / mo$113.33$113.33$113.33
Total monthly$1,059.04$1,787.67$2,094.27
Cash to close$135,094$25,800$25,800