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$176,947$176,947$331,200
Remaining term (yrs)25.425.430.0
Secondary amount$0$154,253$0
Funding fee$885$885$0
Note rate3.760%3.760%7.400%
Blended rate3.760%5.735%7.640%
1st payment$898.20$898.20$2,293.16
2nd payment$0.00$1,028.35$0.00
Taxes / mo$306.67$306.67$306.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.24
HOA / mo$0.00$0.00$0.00
Total monthly$1,354.87$2,383.22$2,816.07
Cash to close$191,053$36,800$36,800