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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$92,116$92,116$225,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$132,884$0
Funding fee$461$461$0
Note rate3.62%3.62%7.18%
Blended rate3.62%6.207%7.42%
1st payment$492.23$492.23$1,524.23
2nd payment$0.00$885.89$0.00
Taxes / mo$180.42$180.42$180.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.00
HOA / mo$146.75$146.75$146.75
Total monthly$969.40$1,855.29$2,046.40
Cash to close$157,884$25,000$25,000