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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$175,634$175,634$571,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$395,866$0
Funding fee$878$878$0
Note rate2.8%2.8%7.18%
Blended rate2.8%6.229%7.42%
1st payment$834.16$834.16$3,871.54
2nd payment$0.00$2,556.63$0.00
Taxes / mo$208.25$208.25$208.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.30
HOA / mo$71.67$71.67$71.67
Total monthly$1,280.74$3,837.38$4,432.43
Cash to close$459,366$63,500$63,500