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$169,193$169,193$346,500
Remaining term (yrs)14.614.630.0
Secondary amount$0$177,307$0
Funding fee$846$846$0
Note rate5.480%5.480%7.400%
Blended rate5.480%6.770%7.640%
1st payment$1,395.77$1,395.77$2,399.10
2nd payment$0.00$1,182.04$0.00
Taxes / mo$141.08$141.08$141.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$450.00$450.00$450.00
Total monthly$2,136.86$3,318.90$3,209.48
Cash to close$215,807$38,500$38,500