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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$137,014$137,014$233,910
Remaining term (yrs)23.723.730.0
Secondary amount$0$96,896$0
Funding fee$685$685$0
Note rate3.13%3.13%7.18%
Blended rate3.13%5.562%7.42%
1st payment$680.37$680.37$1,584.59
2nd payment$0.00$726.72$0.00
Taxes / mo$33.50$33.50$33.50
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$863.87$1,590.59$1,814.87
Cash to close$122,886$25,990$25,990