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$166,709$166,709$337,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$170,791$0
Funding fee$834$834$0
Note rate3.470%3.470%7.400%
Blended rate3.470%5.762%7.640%
1st payment$863.43$863.43$2,336.78
2nd payment$0.00$1,138.61$0.00
Taxes / mo$83.67$83.67$83.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$84.00$84.00$84.00
Total monthly$1,181.09$2,319.70$2,721.95
Cash to close$208,291$37,500$37,500