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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$161,147$161,147$306,000
Remaining term (yrs)22.222.230.0
Secondary amount$0$144,853$0
Funding fee$806$806$0
Note rate4.62%4.62%7.18%
Blended rate4.62%6.22%7.42%
1st payment$964.99$964.99$2,072.95
2nd payment$0.00$965.68$0.00
Taxes / mo$85.75$85.75$85.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$29.33$29.33$29.33
Total monthly$1,230.07$2,195.75$2,399.23
Cash to close$178,853$34,000$34,000