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$155,669$155,669$396,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$240,331$0
Funding fee$778$778$0
Note rate2.790%2.790%7.400%
Blended rate2.790%5.800%7.640%
1st payment$731.50$731.50$2,741.82
2nd payment$0.00$1,552.14$0.00
Taxes / mo$186.50$186.50$186.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$225.00$225.00$225.00
Total monthly$1,293.00$2,845.14$3,382.52
Cash to close$284,331$44,000$44,000