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$64,356$64,356$202,410
Remaining term (yrs)23.423.430.0
Secondary amount$0$138,054$0
Funding fee$322$322$0
Note rate3.720%3.720%7.400%
Blended rate3.720%6.639%7.640%
1st payment$342.65$342.65$1,401.45
2nd payment$0.00$920.36$0.00
Taxes / mo$187.42$187.42$187.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$40.48
HOA / mo$135.00$135.00$135.00
Total monthly$815.06$1,735.43$1,914.34
Cash to close$160,544$22,490$22,490