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$167,314$167,314$256,410
Remaining term (yrs)24.724.730.0
Secondary amount$0$89,096$0
Funding fee$837$837$0
Note rate2.940%2.940%7.400%
Blended rate2.940%5.046%7.640%
1st payment$791.80$791.80$1,775.33
2nd payment$0.00$668.22$0.00
Taxes / mo$387.58$387.58$387.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,329.38$1,997.60$2,364.20
Cash to close$117,586$28,490$28,490