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$150,159$150,159$238,491
Remaining term (yrs)23.823.830.0
Secondary amount$0$88,332$0
Funding fee$751$751$0
Note rate3.16%3.16%7.18%
Blended rate3.16%5.323%7.42%
1st payment$746.24$746.24$1,615.62
2nd payment$0.00$662.49$0.00
Taxes / mo$72.58$72.58$72.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$47.70
HOA / mo$440.00$440.00$440.00
Total monthly$1,408.82$2,071.31$2,325.90
Cash to close$114,831$26,499$26,499