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$178,618$178,618$242,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$64,292$0
Funding fee$893$893$0
Note rate6.710%6.710%7.400%
Blended rate6.710%7.316%7.640%
1st payment$1,194.99$1,194.99$1,681.86
2nd payment$0.00$482.19$0.00
Taxes / mo$378.42$378.42$378.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,723.41$2,205.60$2,258.86
Cash to close$91,282$26,990$26,990