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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$177,290$177,290$211,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$34,210$0
Funding fee$886$886$0
Note rate2.84%2.84%7.18%
Blended rate2.84%3.836%7.42%
1st payment$826.05$826.05$1,432.77
2nd payment$0.00$256.58$0.00
Taxes / mo$52.58$52.58$52.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.30
HOA / mo$282.00$282.00$282.00
Total monthly$1,310.63$1,567.21$1,959.66
Cash to close$57,710$23,500$23,500