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$182,558$182,558$332,991
Remaining term (yrs)23.123.130.0
Secondary amount$0$150,433$0
Funding fee$913$913$0
Note rate3.690%3.690%7.400%
Blended rate3.690%5.637%7.640%
1st payment$975.61$975.61$2,305.56
2nd payment$0.00$1,002.89$0.00
Taxes / mo$200.42$200.42$200.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.60
HOA / mo$170.00$170.00$170.00
Total monthly$1,496.02$2,498.91$2,892.58
Cash to close$187,432$36,999$36,999