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$181,941$181,941$233,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$51,159$0
Funding fee$910$910$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.668%7.640%
1st payment$894.78$894.78$1,613.94
2nd payment$0.00$383.69$0.00
Taxes / mo$435.58$435.58$435.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,480.37$1,864.06$2,246.14
Cash to close$77,059$25,900$25,900