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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$174,786$174,786$350,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$175,314$0
Funding fee$874$874$0
Note rate3.02%3.02%7.18%
Blended rate3.02%5.514%7.42%
1st payment$855.93$855.93$2,371.70
2nd payment$0.00$1,168.76$0.00
Taxes / mo$167.00$167.00$167.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,172.93$2,341.69$2,758.72
Cash to close$214,214$38,900$38,900