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$174,657$174,657$359,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$184,443$0
Funding fee$873$873$0
Note rate2.790%2.790%7.400%
Blended rate2.790%5.466%7.640%
1st payment$820.73$820.73$2,486.34
2nd payment$0.00$1,229.62$0.00
Taxes / mo$88.75$88.75$88.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,059.48$2,289.10$2,796.91
Cash to close$224,343$39,900$39,900