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$182,144$182,144$323,991
Remaining term (yrs)23.123.130.0
Secondary amount$0$141,847$0
Funding fee$911$911$0
Note rate3.69%3.69%7.18%
Blended rate3.69%5.577%7.42%
1st payment$975.61$975.61$2,194.83
2nd payment$0.00$945.65$0.00
Taxes / mo$200.42$200.42$200.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$170.00$170.00$170.00
Total monthly$1,496.02$2,441.67$2,780.04
Cash to close$177,846$35,999$35,999