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$141,810$141,810$346,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$204,690$0
Funding fee$709$709$0
Note rate2.67%2.67%7.18%
Blended rate2.67%5.671%7.42%
1st payment$660.90$660.90$2,347.31
2nd payment$0.00$1,321.96$0.00
Taxes / mo$134.92$134.92$134.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$65.33$65.33$65.33
Total monthly$1,011.14$2,333.10$2,766.86
Cash to close$243,190$38,500$38,500