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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$163,656$163,656$247,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$83,844$0
Funding fee$818$818$0
Note rate3.11%3.11%7.18%
Blended rate3.11%5.105%7.42%
1st payment$780.33$780.33$1,676.65
2nd payment$0.00$628.83$0.00
Taxes / mo$92.25$92.25$92.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$2.92$2.92$2.92
Total monthly$1,025.50$1,654.33$1,971.32
Cash to close$111,344$27,500$27,500