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$147,621$147,621$269,955
Remaining term (yrs)23.123.130.0
Secondary amount$0$122,334$0
Funding fee$738$738$0
Note rate3.640%3.640%7.400%
Blended rate3.640%5.616%7.640%
1st payment$784.97$784.97$1,869.11
2nd payment$0.00$815.56$0.00
Taxes / mo$442.75$442.75$442.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.99
HOA / mo$0.00$0.00$0.00
Total monthly$1,377.72$2,193.27$2,515.85
Cash to close$152,329$29,995$29,995