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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$107,419$107,419$193,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$86,081$0
Funding fee$537$537$0
Note rate3.47%3.47%7.18%
Blended rate3.47%5.93%7.42%
1st payment$557.63$557.63$1,310.84
2nd payment$0.00$645.61$0.00
Taxes / mo$36.58$36.58$36.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$38.70
HOA / mo$65.00$65.00$65.00
Total monthly$809.21$1,454.82$1,601.12
Cash to close$107,581$21,500$21,500