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$150,464$150,464$269,955
Remaining term (yrs)24.724.730.0
Secondary amount$0$119,491$0
Funding fee$752$752$0
Note rate2.98%2.98%7.18%
Blended rate2.98%5.202%7.42%
1st payment$715.17$715.17$1,828.77
2nd payment$0.00$796.61$0.00
Taxes / mo$100.17$100.17$100.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.99
HOA / mo$52.67$52.67$52.67
Total monthly$1,018.01$1,814.62$2,185.60
Cash to close$149,486$29,995$29,995