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$185,868$185,868$347,400
Remaining term (yrs)24.124.130.0
Secondary amount$0$161,532$0
Funding fee$929$929$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.255%7.640%
1st payment$887.30$887.30$2,405.33
2nd payment$0.00$1,076.88$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$2,331.01$2,841.64
Cash to close$200,132$38,600$38,600