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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$175,326$175,326$382,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$207,174$0
Funding fee$877$877$0
Note rate3.65%3.65%7.18%
Blended rate3.65%5.871%7.42%
1st payment$935.35$935.35$2,591.19
2nd payment$0.00$1,338.00$0.00
Taxes / mo$197.33$197.33$197.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,282.69$2,620.68$3,015.02
Cash to close$249,674$42,500$42,500