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$166,327$166,327$337,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$171,173$0
Funding fee$832$832$0
Note rate3.47%3.47%7.18%
Blended rate3.47%5.768%7.42%
1st payment$863.43$863.43$2,286.34
2nd payment$0.00$1,141.15$0.00
Taxes / mo$83.67$83.67$83.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$84.00$84.00$84.00
Total monthly$1,181.09$2,322.25$2,671.51
Cash to close$208,673$37,500$37,500