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$172,944$172,944$234,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$61,056$0
Funding fee$865$865$0
Note rate5.110%5.110%7.400%
Blended rate5.110%6.125%7.640%
1st payment$1,005.89$1,005.89$1,620.17
2nd payment$0.00$457.92$0.00
Taxes / mo$216.67$216.67$216.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,372.56$1,830.48$2,033.64
Cash to close$87,056$26,000$26,000