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$175,468$175,468$215,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$40,442$0
Funding fee$877$877$0
Note rate2.710%2.710%7.400%
Blended rate2.710%3.888%7.640%
1st payment$819.35$819.35$1,494.92
2nd payment$0.00$303.31$0.00
Taxes / mo$146.08$146.08$146.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.18
HOA / mo$351.00$351.00$351.00
Total monthly$1,466.43$1,769.74$2,185.18
Cash to close$64,432$23,990$23,990