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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$169,367$169,367$244,800
Remaining term (yrs)23.823.830.0
Secondary amount$0$75,433$0
Funding fee$847$847$0
Note rate2.99%2.99%7.18%
Blended rate2.99%4.842%7.42%
1st payment$826.77$826.77$1,658.36
2nd payment$0.00$565.75$0.00
Taxes / mo$101.00$101.00$101.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.96
HOA / mo$118.00$118.00$118.00
Total monthly$1,195.77$1,761.52$2,076.32
Cash to close$102,633$27,200$27,200