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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$74,633$74,633$292,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$217,867$0
Funding fee$373$373$0
Note rate2.84%2.84%7.18%
Blended rate2.84%6.497%7.42%
1st payment$355.99$355.99$1,981.50
2nd payment$0.00$1,407.06$0.00
Taxes / mo$147.58$147.58$147.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$165.00$165.00$165.00
Total monthly$818.57$2,225.63$2,502.58
Cash to close$250,367$32,500$32,500