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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$148,027$148,027$283,500
Remaining term (yrs)20.820.830.0
Secondary amount$0$135,473$0
Funding fee$740$740$0
Note rate3.96%3.96%7.18%
Blended rate3.96%5.891%7.42%
1st payment$868.25$868.25$1,920.53
2nd payment$0.00$903.16$0.00
Taxes / mo$166.17$166.17$166.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$98.00$98.00$98.00
Total monthly$1,282.42$2,185.57$2,391.39
Cash to close$166,973$31,500$31,500