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$140,542$140,542$224,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$84,368$0
Funding fee$703$703$0
Note rate3.020%3.020%7.400%
Blended rate3.020%5.263%7.640%
1st payment$672.45$672.45$1,557.23
2nd payment$0.00$632.76$0.00
Taxes / mo$338.83$338.83$338.83
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$1,161.28$1,794.04$2,091.05
Cash to close$109,358$24,990$24,990