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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$133,981$133,981$211,499
Remaining term (yrs)22.622.630.0
Secondary amount$0$77,518$0
Funding fee$670$670$0
Note rate3.26%3.26%7.18%
Blended rate3.26%5.364%7.42%
1st payment$695.69$695.69$1,432.77
2nd payment$0.00$581.39$0.00
Taxes / mo$63.42$63.42$63.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.30
HOA / mo$300.00$300.00$300.00
Total monthly$1,209.11$1,790.49$1,988.49
Cash to close$101,018$23,500$23,500