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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$158,338$158,338$387,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$228,662$0
Funding fee$792$792$0
Note rate2.94%2.94%7.18%
Blended rate2.94%5.782%7.42%
1st payment$767.02$767.02$2,621.67
2nd payment$0.00$1,476.77$0.00
Taxes / mo$225.08$225.08$225.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$153.50$153.50$153.50
Total monthly$1,295.60$2,772.38$3,227.66
Cash to close$271,662$43,000$43,000