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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$157,524$157,524$296,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$138,576$0
Funding fee$788$788$0
Note rate2.74%2.74%7.18%
Blended rate2.74%5.202%7.42%
1st payment$737.96$737.96$2,005.88
2nd payment$0.00$923.84$0.00
Taxes / mo$60.58$60.58$60.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.22
HOA / mo$151.00$151.00$151.00
Total monthly$1,099.54$2,023.38$2,426.69
Cash to close$171,476$32,900$32,900