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$169,492$169,492$328,500
Remaining term (yrs)20.620.630.0
Secondary amount$0$159,008$0
Funding fee$847$847$0
Note rate4.01%4.01%7.18%
Blended rate4.01%5.941%7.42%
1st payment$1,003.78$1,003.78$2,225.37
2nd payment$0.00$1,060.05$0.00
Taxes / mo$141.42$141.42$141.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$66.67$66.67$66.67
Total monthly$1,361.87$2,421.92$2,649.16
Cash to close$195,508$36,500$36,500