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$148,540$148,540$323,910
Remaining term (yrs)15.515.530.0
Secondary amount$0$175,370$0
Funding fee$743$743$0
Note rate3.530%3.530%7.400%
Blended rate3.530%5.950%7.640%
1st payment$1,033.88$1,033.88$2,242.69
2nd payment$0.00$1,169.14$0.00
Taxes / mo$299.92$299.92$299.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.78
HOA / mo$23.00$23.00$23.00
Total monthly$1,506.79$2,675.93$2,780.39
Cash to close$211,360$35,990$35,990