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$159,002$159,002$224,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$65,908$0
Funding fee$795$795$0
Note rate2.930%2.930%7.400%
Blended rate2.930%4.709%7.640%
1st payment$749.93$749.93$1,557.23
2nd payment$0.00$494.31$0.00
Taxes / mo$111.50$111.50$111.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,011.43$1,505.74$1,863.71
Cash to close$90,898$24,990$24,990