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$160,689$160,689$224,910
Remaining term (yrs)26.826.830.0
Secondary amount$0$64,221$0
Funding fee$803$803$0
Note rate6.810%6.810%7.400%
Blended rate6.810%7.435%7.640%
1st payment$1,086.59$1,086.59$1,557.23
2nd payment$0.00$481.66$0.00
Taxes / mo$46.17$46.17$46.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.98
HOA / mo$175.00$175.00$175.00
Total monthly$1,457.76$1,939.41$1,973.38
Cash to close$89,211$24,990$24,990