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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$179,701$179,701$301,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$121,799$0
Funding fee$899$899$0
Note rate3.1%3.1%7.18%
Blended rate3.1%5.079%7.42%
1st payment$854.03$854.03$2,042.47
2nd payment$0.00$812.00$0.00
Taxes / mo$200.17$200.17$200.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$178.00$178.00$178.00
Total monthly$1,382.20$2,194.19$2,630.93
Cash to close$155,299$33,500$33,500