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$147,265$147,265$180,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$32,735$0
Funding fee$736$736$0
Note rate2.880%2.880%7.400%
Blended rate2.880%3.993%7.640%
1st payment$707.14$707.14$1,246.28
2nd payment$0.00$245.52$0.00
Taxes / mo$72.58$72.58$72.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$36.00
HOA / mo$265.00$265.00$265.00
Total monthly$1,194.72$1,440.24$1,769.87
Cash to close$52,735$20,000$20,000