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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$175,589$175,589$382,230
Remaining term (yrs)24.024.030.0
Secondary amount$0$206,641$0
Funding fee$878$878$0
Note rate2.9%2.9%7.18%
Blended rate2.9%5.522%7.42%
1st payment$844.95$844.95$2,589.36
2nd payment$0.00$1,334.56$0.00
Taxes / mo$231.92$231.92$231.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.45
HOA / mo$170.00$170.00$170.00
Total monthly$1,396.86$2,731.42$3,217.72
Cash to close$249,111$42,470$42,470