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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$172,033$172,033$426,600
Remaining term (yrs)24.224.230.0
Secondary amount$0$254,567$0
Funding fee$860$860$0
Note rate2.7%2.7%7.18%
Blended rate2.7%5.714%7.42%
1st payment$806.33$806.33$2,889.94
2nd payment$0.00$1,644.08$0.00
Taxes / mo$227.42$227.42$227.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.32
HOA / mo$146.75$146.75$146.75
Total monthly$1,347.16$2,991.24$3,516.09
Cash to close$301,967$47,400$47,400