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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$134,658$134,658$246,150
Remaining term (yrs)24.324.330.0
Secondary amount$0$111,492$0
Funding fee$673$673$0
Note rate2.25%2.25%7.18%
Blended rate2.25%4.854%7.42%
1st payment$597.75$597.75$1,667.51
2nd payment$0.00$743.28$0.00
Taxes / mo$85.00$85.00$85.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.23
HOA / mo$340.00$340.00$340.00
Total monthly$1,172.75$1,916.03$2,291.74
Cash to close$138,842$27,350$27,350