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$160,067$160,067$359,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$199,033$0
Funding fee$800$800$0
Note rate3.07%3.07%7.18%
Blended rate3.07%5.802%7.42%
1st payment$759.86$759.86$2,432.67
2nd payment$0.00$1,326.88$0.00
Taxes / mo$139.00$139.00$139.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$18.33$18.33$18.33
Total monthly$1,067.19$2,394.08$2,811.82
Cash to close$238,933$39,900$39,900