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$166,039$166,039$355,410
Remaining term (yrs)19.319.330.0
Secondary amount$0$189,371$0
Funding fee$830$830$0
Note rate3.650%3.650%7.400%
Blended rate3.650%5.968%7.640%
1st payment$995.75$995.75$2,460.79
2nd payment$0.00$1,262.47$0.00
Taxes / mo$232.83$232.83$232.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.08
HOA / mo$115.00$115.00$115.00
Total monthly$1,493.59$2,756.06$3,029.70
Cash to close$228,861$39,490$39,490