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$170,732$170,732$283,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$112,768$0
Funding fee$854$854$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.917%7.640%
1st payment$817.86$817.86$1,962.90
2nd payment$0.00$751.79$0.00
Taxes / mo$191.69$191.69$191.69
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$265.00$265.00$265.00
Total monthly$1,424.56$2,176.34$2,626.29
Cash to close$144,268$31,500$31,500