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$135,282$135,282$358,200
Remaining term (yrs)23.723.730.0
Secondary amount$0$222,918$0
Funding fee$676$676$0
Note rate2.91%2.91%7.18%
Blended rate2.91%5.922%7.42%
1st payment$656.41$656.41$2,426.57
2nd payment$0.00$1,439.68$0.00
Taxes / mo$37.01$37.01$37.01
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.64
HOA / mo$0.00$0.00$0.00
Total monthly$843.41$2,283.09$2,685.22
Cash to close$262,718$39,800$39,800