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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$174,197$174,197$202,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$28,303$0
Funding fee$871$871$0
Note rate2.79%2.79%7.18%
Blended rate2.79%3.658%7.42%
1st payment$820.51$820.51$1,371.81
2nd payment$0.00$212.27$0.00
Taxes / mo$54.42$54.42$54.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$40.50
HOA / mo$255.00$255.00$255.00
Total monthly$1,279.93$1,492.20$1,871.72
Cash to close$50,803$22,500$22,500