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$105,795$105,795$206,100
Remaining term (yrs)21.721.730.0
Secondary amount$0$100,305$0
Funding fee$529$529$0
Note rate4.56%4.56%7.11%
Blended rate4.56%6.234%7.35%
1st payment$638.33$638.33$1,386.45
2nd payment$0.00$668.70$0.00
Taxes / mo$181.50$181.50$181.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$41.22
HOA / mo$352.00$352.00$352.00
Total monthly$1,321.83$1,990.53$2,111.17
Cash to close$123,205$22,900$22,900