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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$145,937$145,937$281,700
Remaining term (yrs)16.516.530.0
Secondary amount$0$135,763$0
Funding fee$730$730$0
Note rate3.75%3.75%7.18%
Blended rate3.75%5.798%7.42%
1st payment$985.97$985.97$1,908.33
2nd payment$0.00$905.08$0.00
Taxes / mo$158.17$158.17$158.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.34
HOA / mo$0.00$0.00$0.00
Total monthly$1,294.14$2,199.22$2,272.84
Cash to close$167,063$31,300$31,300