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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$185,425$185,425$347,400
Remaining term (yrs)24.124.130.0
Secondary amount$0$161,975$0
Funding fee$927$927$0
Note rate2.87%2.87%7.18%
Blended rate2.87%5.262%7.42%
1st payment$887.30$887.30$2,353.41
2nd payment$0.00$1,079.83$0.00
Taxes / mo$128.83$128.83$128.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.48
HOA / mo$88.00$88.00$88.00
Total monthly$1,254.13$2,333.96$2,789.72
Cash to close$200,575$38,600$38,600