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$174,813$174,813$436,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$261,687$0
Funding fee$874$874$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.800%7.640%
1st payment$837.42$837.42$3,022.24
2nd payment$0.00$1,690.06$0.00
Taxes / mo$299.92$299.92$299.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.30
HOA / mo$355.00$355.00$355.00
Total monthly$1,659.00$3,349.06$3,931.12
Cash to close$310,187$48,500$48,500