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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$135,535$135,535$306,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$170,465$0
Funding fee$678$678$0
Note rate2.800%2.800%7.400%
Blended rate2.800%5.697%7.640%
1st payment$640.63$640.63$2,118.68
2nd payment$0.00$1,136.43$0.00
Taxes / mo$249.08$249.08$249.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$291.00$291.00$291.00
Total monthly$1,330.71$2,467.14$2,869.97
Cash to close$204,465$34,000$34,000