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$80,172$80,172$229,410
Remaining term (yrs)25.025.030.0
Secondary amount$0$149,238$0
Funding fee$401$401$0
Note rate3.090%3.090%7.400%
Blended rate3.090%6.284%7.640%
1st payment$382.26$382.26$1,588.39
2nd payment$0.00$994.92$0.00
Taxes / mo$154.10$154.10$154.10
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.88
HOA / mo$88.33$88.33$88.33
Total monthly$774.69$1,769.61$2,026.70
Cash to close$174,728$25,490$25,490