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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$160,417$160,417$359,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$198,683$0
Funding fee$802$802$0
Note rate3.070%3.070%7.320%
Blended rate3.070%5.798%7.560%
1st payment$759.86$759.86$2,466.77
2nd payment$0.00$1,324.55$0.00
Taxes / mo$139.00$139.00$139.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$18.33$18.33$18.33
Total monthly$1,067.19$2,391.75$2,845.92
Cash to close$238,583$39,900$39,900