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$149,608$149,608$184,410
Remaining term (yrs)27.427.430.0
Secondary amount$0$34,802$0
Funding fee$748$748$0
Note rate6.660%6.660%7.400%
Blended rate6.660%7.102%7.640%
1st payment$989.65$989.65$1,276.82
2nd payment$0.00$261.01$0.00
Taxes / mo$170.75$170.75$170.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$36.88
HOA / mo$0.00$0.00$0.00
Total monthly$1,310.40$1,571.41$1,634.45
Cash to close$55,292$20,490$20,490