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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$160,067$160,067$405,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$244,933$0
Funding fee$800$800$0
Note rate3.07%3.07%7.18%
Blended rate3.07%5.9%7.42%
1st payment$759.86$759.86$2,743.61
2nd payment$0.00$1,581.86$0.00
Taxes / mo$139.00$139.00$139.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$18.33$18.33$18.33
Total monthly$1,067.19$2,649.05$3,131.94
Cash to close$289,933$45,000$45,000