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$171,464$171,464$368,100
Remaining term (yrs)19.619.630.0
Secondary amount$0$196,636$0
Funding fee$857$857$0
Note rate3.66%3.66%7.18%
Blended rate3.66%5.978%7.42%
1st payment$1,017.25$1,017.25$2,493.64
2nd payment$0.00$1,310.91$0.00
Taxes / mo$180.75$180.75$180.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.62
HOA / mo$67.00$67.00$67.00
Total monthly$1,415.00$2,725.90$2,965.01
Cash to close$237,536$40,900$40,900