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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$163,992$163,992$312,210
Remaining term (yrs)24.124.130.0
Secondary amount$0$148,218$0
Funding fee$820$820$0
Note rate2.87%2.87%7.18%
Blended rate2.87%5.305%7.42%
1st payment$782.87$782.87$2,115.02
2nd payment$0.00$988.12$0.00
Taxes / mo$151.58$151.58$151.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.44
HOA / mo$90.00$90.00$90.00
Total monthly$1,174.45$2,162.57$2,569.04
Cash to close$182,908$34,690$34,690