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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$168,623$168,623$265,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$96,877$0
Funding fee$843$843$0
Note rate6.58%6.58%7.18%
Blended rate6.58%7.463%7.42%
1st payment$1,086.66$1,086.66$1,798.59
2nd payment$0.00$726.58$0.00
Taxes / mo$136.42$136.42$136.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.10
HOA / mo$377.00$377.00$377.00
Total monthly$1,750.08$2,476.66$2,515.11
Cash to close$126,377$29,500$29,500