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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$174,242$174,242$359,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$184,858$0
Funding fee$871$871$0
Note rate2.79%2.79%7.18%
Blended rate2.79%5.472%7.42%
1st payment$820.73$820.73$2,432.67
2nd payment$0.00$1,232.39$0.00
Taxes / mo$88.75$88.75$88.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,059.48$2,291.86$2,743.24
Cash to close$224,758$39,900$39,900