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$160,177$160,177$607,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$447,323$0
Funding fee$801$801$0
Note rate3.160%3.160%7.400%
Blended rate3.160%6.540%7.640%
1st payment$796.02$796.02$4,206.21
2nd payment$0.00$2,888.96$0.00
Taxes / mo$285.00$285.00$285.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$40.42$40.42$40.42
Total monthly$1,288.11$4,177.07$4,819.79
Cash to close$514,823$67,500$67,500