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$104,083$104,083$252,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$147,917$0
Funding fee$520$520$0
Note rate2.74%2.74%7.18%
Blended rate2.74%5.827%7.42%
1st payment$487.60$487.60$1,707.14
2nd payment$0.00$986.11$0.00
Taxes / mo$122.33$122.33$122.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.40
HOA / mo$53.00$53.00$53.00
Total monthly$812.94$1,799.05$2,082.87
Cash to close$175,917$28,000$28,000