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$158,295$158,295$214,200
Remaining term (yrs)24.624.630.0
Secondary amount$0$55,905$0
Funding fee$791$791$0
Note rate3.04%3.04%7.18%
Blended rate3.04%4.596%7.42%
1st payment$760.76$760.76$1,451.07
2nd payment$0.00$419.28$0.00
Taxes / mo$76.00$76.00$76.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.84
HOA / mo$0.00$0.00$0.00
Total monthly$986.76$1,406.05$1,719.91
Cash to close$79,705$23,800$23,800