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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$121,651$121,651$229,500
Remaining term (yrs)29.329.330.0
Secondary amount$0$107,849$0
Funding fee$608$608$0
Note rate6.11%6.11%7.18%
Blended rate6.11%6.998%7.42%
1st payment$743.14$743.14$1,554.71
2nd payment$0.00$718.99$0.00
Taxes / mo$83.33$83.33$83.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.90
HOA / mo$370.00$370.00$370.00
Total monthly$1,346.47$2,065.46$2,203.95
Cash to close$133,349$25,500$25,500