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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$156,558$156,558$342,000
Remaining term (yrs)19.519.530.0
Secondary amount$0$185,442$0
Funding fee$783$783$0
Note rate3.64%3.64%7.18%
Blended rate3.64%6.004%7.42%
1st payment$932.59$932.59$2,316.83
2nd payment$0.00$1,236.28$0.00
Taxes / mo$169.42$169.42$169.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$130.00$130.00$130.00
Total monthly$1,382.01$2,618.29$2,834.64
Cash to close$223,442$38,000$38,000