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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$133,555$133,555$310,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$176,945$0
Funding fee$668$668$0
Note rate3.13%3.13%7.18%
Blended rate3.13%5.905%7.42%
1st payment$661.64$661.64$2,103.44
2nd payment$0.00$1,179.63$0.00
Taxes / mo$137.67$137.67$137.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$356.00$356.00$356.00
Total monthly$1,305.31$2,484.94$2,809.20
Cash to close$211,445$34,500$34,500