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$181,433$181,433$206,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$25,477$0
Funding fee$907$907$0
Note rate3.45%3.45%7.18%
Blended rate3.45%4.133%7.42%
1st payment$892.28$892.28$1,401.68
2nd payment$0.00$191.08$0.00
Taxes / mo$85.75$85.75$85.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$41.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,128.03$1,319.11$1,678.81
Cash to close$48,467$22,990$22,990