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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$173,741$173,741$355,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$181,759$0
Funding fee$869$869$0
Note rate2.9%2.9%7.18%
Blended rate2.9%5.508%7.42%
1st payment$830.12$830.12$2,408.28
2nd payment$0.00$1,211.73$0.00
Taxes / mo$138.75$138.75$138.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$9.17$9.17$9.17
Total monthly$1,128.04$2,339.77$2,777.30
Cash to close$221,259$39,500$39,500