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$183,293$183,293$310,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$127,207$0
Funding fee$916$916$0
Note rate3.72%3.72%7.18%
Blended rate3.72%5.473%7.42%
1st payment$980.27$980.27$2,103.44
2nd payment$0.00$848.05$0.00
Taxes / mo$99.67$99.67$99.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$120.00$120.00$120.00
Total monthly$1,349.93$2,197.98$2,535.20
Cash to close$161,707$34,500$34,500