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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$74,784$74,784$180,000
Remaining term (yrs)16.016.030.0
Secondary amount$0$105,216$0
Funding fee$374$374$0
Note rate3.59%3.59%7.18%
Blended rate3.59%6.168%7.42%
1st payment$510.62$510.62$1,219.38
2nd payment$0.00$701.44$0.00
Taxes / mo$127.58$127.58$127.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$36.00
HOA / mo$170.00$170.00$170.00
Total monthly$958.20$1,659.64$1,702.97
Cash to close$125,216$20,000$20,000