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$164,042$164,042$265,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$101,458$0
Funding fee$820$820$0
Note rate2.730%2.730%7.400%
Blended rate2.730%4.744%7.640%
1st payment$764.00$764.00$1,838.27
2nd payment$0.00$676.39$0.00
Taxes / mo$76.17$76.17$76.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$990.16$1,666.55$2,117.54
Cash to close$130,958$29,500$29,500