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$144,491$144,491$281,250
Remaining term (yrs)19.519.530.0
Secondary amount$0$136,759$0
Funding fee$722$722$0
Note rate3.71%3.71%7.18%
Blended rate3.71%5.796%7.42%
1st payment$865.93$865.93$1,905.29
2nd payment$0.00$911.73$0.00
Taxes / mo$175.25$175.25$175.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.25
HOA / mo$147.00$147.00$147.00
Total monthly$1,338.18$2,249.91$2,433.79
Cash to close$168,009$31,250$31,250