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$168,174$168,174$184,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$26,576$0
Funding fee$841$841$0
Note rate5.300%5.300%7.400%
Blended rate5.300%6.197%7.640%
1st payment$994.13$994.13$1,277.44
2nd payment$0.00$262.99$0.00
Taxes / mo$170.83$170.83$170.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$36.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,314.97$1,577.96$1,635.17
Cash to close$36,826$10,250$20,500