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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$174,014$174,014$211,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$37,486$0
Funding fee$870$870$0
Note rate2.74%2.74%7.18%
Blended rate2.74%3.85%7.42%
1st payment$815.21$815.21$1,432.77
2nd payment$0.00$281.15$0.00
Taxes / mo$54.42$54.42$54.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.30
HOA / mo$255.00$255.00$255.00
Total monthly$1,274.63$1,555.77$1,934.49
Cash to close$60,986$23,500$23,500