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$220,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$45,843$0
Funding fee$873$873$0
Note rate2.790%2.790%7.400%
Blended rate2.790%4.081%7.640%
1st payment$820.73$820.73$1,526.70
2nd payment$0.00$343.82$0.00
Taxes / mo$34.08$34.08$34.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,004.81$1,348.63$1,754.88
Cash to close$70,343$24,500$24,500