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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$177,599$177,599$225,000
Remaining term (yrs)28.828.830.0
Secondary amount$0$47,401$0
Funding fee$888$888$0
Note rate6%6%7.18%
Blended rate6%6.632%7.42%
1st payment$1,079.19$1,079.19$1,524.23
2nd payment$0.00$355.50$0.00
Taxes / mo$84.58$84.58$84.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.00
HOA / mo$336.00$336.00$336.00
Total monthly$1,649.77$2,005.28$2,139.81
Cash to close$72,401$25,000$25,000