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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$137,417$137,417$247,500
Remaining term (yrs)22.622.630.0
Secondary amount$0$110,083$0
Funding fee$687$687$0
Note rate2.66%2.66%7.18%
Blended rate2.66%5.035%7.42%
1st payment$671.47$671.47$1,676.65
2nd payment$0.00$733.89$0.00
Taxes / mo$100.33$100.33$100.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$52.00$52.00$52.00
Total monthly$973.81$1,707.69$2,028.48
Cash to close$137,583$27,500$27,500