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$140,839$140,839$261,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$120,161$0
Funding fee$704$704$0
Note rate6.820%6.820%7.400%
Blended rate6.820%7.363%7.640%
1st payment$947.22$947.22$1,807.11
2nd payment$0.00$801.08$0.00
Taxes / mo$92.67$92.67$92.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$183.00$183.00$183.00
Total monthly$1,372.89$2,173.97$2,284.98
Cash to close$149,161$29,000$29,000