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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$83,382$83,382$219,600
Remaining term (yrs)22.722.730.0
Secondary amount$0$136,218$0
Funding fee$417$417$0
Note rate3.8%3.8%7.18%
Blended rate3.8%6.405%7.42%
1st payment$455.65$455.65$1,487.65
2nd payment$0.00$908.12$0.00
Taxes / mo$70.32$70.32$70.32
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.92
HOA / mo$0.00$0.00$0.00
Total monthly$675.96$1,584.08$1,751.89
Cash to close$160,618$24,400$24,400