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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$172,542$172,542$286,200
Remaining term (yrs)23.823.830.0
Secondary amount$0$113,658$0
Funding fee$863$863$0
Note rate3.02%3.02%7.18%
Blended rate3.02%4.998%7.42%
1st payment$844.94$844.94$1,938.82
2nd payment$0.00$757.72$0.00
Taxes / mo$81.83$81.83$81.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.24
HOA / mo$0.00$0.00$0.00
Total monthly$1,076.78$1,834.50$2,227.89
Cash to close$145,458$31,800$31,800