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$153,912$153,912$233,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$79,998$0
Funding fee$770$770$0
Note rate3.310%3.310%7.400%
Blended rate3.310%5.256%7.640%
1st payment$780.55$780.55$1,619.55
2nd payment$0.00$599.98$0.00
Taxes / mo$216.58$216.58$216.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,147.13$1,747.12$2,032.91
Cash to close$105,988$25,990$25,990