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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$140,104$140,104$251,100
Remaining term (yrs)23.523.530.0
Secondary amount$0$110,996$0
Funding fee$701$701$0
Note rate3.47%3.47%7.18%
Blended rate3.47%5.472%7.42%
1st payment$725.64$725.64$1,701.04
2nd payment$0.00$739.97$0.00
Taxes / mo$114.00$114.00$114.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$989.64$1,729.61$2,015.26
Cash to close$138,896$27,900$27,900