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$167,408$167,408$224,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$57,502$0
Funding fee$837$837$0
Note rate5.410%5.410%7.400%
Blended rate5.410%6.328%7.640%
1st payment$1,000.64$1,000.64$1,557.23
2nd payment$0.00$431.27$0.00
Taxes / mo$208.25$208.25$208.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,358.89$1,790.15$1,960.46
Cash to close$82,492$24,990$24,990