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$168,662$168,662$234,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$65,338$0
Funding fee$843$843$0
Note rate3.76%3.76%7.18%
Blended rate3.76%5.223%7.42%
1st payment$857.81$857.81$1,585.20
2nd payment$0.00$490.03$0.00
Taxes / mo$65.25$65.25$65.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,073.06$1,563.10$1,847.25
Cash to close$91,338$26,000$26,000