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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$126,255$126,255$287,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$161,655$0
Funding fee$631$631$0
Note rate3.08%3.08%7.18%
Blended rate3.08%5.842%7.42%
1st payment$609.41$609.41$1,950.40
2nd payment$0.00$1,077.70$0.00
Taxes / mo$92.42$92.42$92.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$851.83$1,929.52$2,250.40
Cash to close$193,645$31,990$31,990