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$1,713$1,713$171,000
Remaining term (yrs)0.40.430.0
Secondary amount$0$169,287$0
Funding fee$9$9$0
Note rate7.74%7.74%7.18%
Blended rate7.74%7.997%7.42%
1st payment$292.01$292.01$1,158.41
2nd payment$0.00$1,128.58$0.00
Taxes / mo$18.00$18.00$18.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$34.20
HOA / mo$681.00$681.00$681.00
Total monthly$1,141.01$2,269.59$2,041.61
Cash to close$188,287$19,000$19,000