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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$184,285$184,285$292,410
Remaining term (yrs)24.624.630.0
Secondary amount$0$108,125$0
Funding fee$921$921$0
Note rate3.04%3.04%7.18%
Blended rate3.04%4.874%7.42%
1st payment$885.67$885.67$1,980.89
2nd payment$0.00$720.83$0.00
Taxes / mo$139.75$139.75$139.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.48
HOA / mo$78.00$78.00$78.00
Total monthly$1,253.42$1,974.25$2,407.12
Cash to close$140,615$32,490$32,490