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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$199,025$199,025$431,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$232,885$0
Funding fee$995$995$0
Note rate2.77%2.77%7.18%
Blended rate2.77%5.455%7.42%
1st payment$939.93$939.93$2,925.91
2nd payment$0.00$1,504.05$0.00
Taxes / mo$110.83$110.83$110.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,217.43$2,721.48$3,289.79
Cash to close$280,875$47,990$47,990