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$167,959$167,959$384,300
Remaining term (yrs)19.619.630.0
Secondary amount$0$216,341$0
Funding fee$840$840$0
Note rate3.64%3.64%7.18%
Blended rate3.64%5.954%7.42%
1st payment$994.72$994.72$2,603.38
2nd payment$0.00$1,397.20$0.00
Taxes / mo$116.92$116.92$116.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.86
HOA / mo$85.00$85.00$85.00
Total monthly$1,346.63$2,743.84$3,032.16
Cash to close$259,041$42,700$42,700