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$117,094$117,094$215,910
Remaining term (yrs)19.419.430.0
Secondary amount$0$98,816$0
Funding fee$585$585$0
Note rate3.62%3.62%7.18%
Blended rate3.62%6.082%7.42%
1st payment$698.35$698.35$1,462.65
2nd payment$0.00$741.12$0.00
Taxes / mo$201.33$201.33$201.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.18
HOA / mo$326.00$326.00$326.00
Total monthly$1,375.69$2,116.80$2,183.16
Cash to close$122,806$23,990$23,990