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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$70,709$70,709$224,910
Remaining term (yrs)11.211.230.0
Secondary amount$0$154,201$0
Funding fee$354$354$0
Note rate5.96%5.96%7.18%
Blended rate5.96%7.359%7.42%
1st payment$716.38$716.38$1,523.62
2nd payment$0.00$1,028.00$0.00
Taxes / mo$53.58$53.58$53.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$919.96$1,947.97$1,772.18
Cash to close$179,191$24,990$24,990