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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$151,742$151,742$315,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$163,258$0
Funding fee$759$759$0
Note rate6.11%6.11%7.18%
Blended rate6.11%7.09%7.42%
1st payment$970.63$970.63$2,133.92
2nd payment$0.00$1,088.39$0.00
Taxes / mo$110.50$110.50$110.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,231.13$2,319.51$2,457.42
Cash to close$198,258$35,000$35,000