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$180,473$180,473$324,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$143,527$0
Funding fee$902$902$0
Note rate6.090%6.090%7.400%
Blended rate6.090%6.936%7.640%
1st payment$1,144.78$1,144.78$2,243.31
2nd payment$0.00$956.85$0.00
Taxes / mo$404.75$404.75$404.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,699.53$2,656.38$2,862.86
Cash to close$179,527$36,000$36,000