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$161,795$161,795$364,500
Remaining term (yrs)18.118.130.0
Secondary amount$0$202,705$0
Funding fee$809$809$0
Note rate3.97%3.97%7.18%
Blended rate3.97%6.072%7.42%
1st payment$1,042.89$1,042.89$2,469.25
2nd payment$0.00$1,309.13$0.00
Taxes / mo$174.17$174.17$174.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,367.05$2,676.19$2,866.32
Cash to close$243,205$40,500$40,500