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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$180,092$180,092$310,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$130,408$0
Funding fee$900$900$0
Note rate2.67%2.67%7.18%
Blended rate2.67%4.909%7.42%
1st payment$837.27$837.27$2,103.44
2nd payment$0.00$869.39$0.00
Taxes / mo$122.00$122.00$122.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$58.67$58.67$58.67
Total monthly$1,167.94$2,037.33$2,496.21
Cash to close$164,908$34,500$34,500