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$76,880$76,880$233,910
Remaining term (yrs)18.618.630.0
Secondary amount$0$157,030$0
Funding fee$384$384$0
Note rate3.98%3.98%7.18%
Blended rate3.98%6.679%7.42%
1st payment$485.43$485.43$1,584.59
2nd payment$0.00$1,046.87$0.00
Taxes / mo$94.42$94.42$94.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$729.85$1,776.72$1,875.79
Cash to close$183,020$25,990$25,990