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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$161,857$161,857$305,999
Remaining term (yrs)24.124.130.0
Secondary amount$0$144,142$0
Funding fee$809$809$0
Note rate2.87%2.87%7.18%
Blended rate2.87%5.287%7.42%
1st payment$774.52$774.52$2,072.94
2nd payment$0.00$960.95$0.00
Taxes / mo$65.92$65.92$65.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$33.00$33.00$33.00
Total monthly$1,023.44$1,984.38$2,383.06
Cash to close$178,142$34,000$34,000