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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$146,466$146,466$281,700
Remaining term (yrs)16.516.530.0
Secondary amount$0$135,234$0
Funding fee$732$732$0
Note rate3.750%3.750%7.320%
Blended rate3.750%5.790%7.560%
1st payment$985.97$985.97$1,935.08
2nd payment$0.00$901.56$0.00
Taxes / mo$158.17$158.17$158.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.34
HOA / mo$0.00$0.00$0.00
Total monthly$1,294.14$2,195.70$2,299.59
Cash to close$166,534$31,300$31,300