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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$171,564$171,564$288,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$116,436$0
Funding fee$858$858$0
Note rate3.29%3.29%7.18%
Blended rate3.29%5.194%7.42%
1st payment$874.37$874.37$1,951.01
2nd payment$0.00$776.24$0.00
Taxes / mo$102.58$102.58$102.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$14.00$14.00$14.00
Total monthly$1,140.96$1,917.19$2,275.20
Cash to close$148,436$32,000$32,000