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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$176,750$176,750$242,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$66,160$0
Funding fee$884$884$0
Note rate2.8%2.8%7.18%
Blended rate2.8%4.489%7.42%
1st payment$839.46$839.46$1,645.56
2nd payment$0.00$496.20$0.00
Taxes / mo$85.50$85.50$85.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.58
HOA / mo$360.00$360.00$360.00
Total monthly$1,434.96$1,931.15$2,289.64
Cash to close$93,150$26,990$26,990