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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$185,712$185,712$318,600
Remaining term (yrs)23.223.230.0
Secondary amount$0$132,888$0
Funding fee$929$929$0
Note rate3.7%3.7%7.18%
Blended rate3.7%5.494%7.42%
1st payment$991.22$991.22$2,158.31
2nd payment$0.00$885.92$0.00
Taxes / mo$110.50$110.50$110.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.72
HOA / mo$78.00$78.00$78.00
Total monthly$1,329.72$2,215.64$2,560.53
Cash to close$168,288$35,400$35,400