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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$171,357$171,357$276,750
Remaining term (yrs)24.024.030.0
Secondary amount$0$105,393$0
Funding fee$857$857$0
Note rate2.980%2.980%7.320%
Blended rate2.980%4.892%7.560%
1st payment$829.68$829.68$1,901.08
2nd payment$0.00$702.62$0.00
Taxes / mo$162.92$162.92$162.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.35
HOA / mo$108.00$108.00$108.00
Total monthly$1,250.59$1,953.21$2,377.35
Cash to close$136,143$30,750$30,750