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$95,137$95,137$175,455
Remaining term (yrs)14.814.830.0
Secondary amount$0$80,318$0
Funding fee$476$476$0
Note rate3.270%3.270%7.400%
Blended rate3.270%5.893%7.640%
1st payment$672.32$672.32$1,214.81
2nd payment$0.00$602.38$0.00
Taxes / mo$162.46$162.46$162.46
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$35.09
HOA / mo$181.00$181.00$181.00
Total monthly$1,165.78$1,768.17$1,743.36
Cash to close$99,813$19,495$19,495