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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$188,513$188,513$323,100
Remaining term (yrs)23.323.330.0
Secondary amount$0$134,587$0
Funding fee$943$943$0
Note rate3.62%3.62%7.18%
Blended rate3.62%5.444%7.42%
1st payment$995.86$995.86$2,188.79
2nd payment$0.00$897.25$0.00
Taxes / mo$87.11$87.11$87.11
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,232.97$2,130.22$2,490.53
Cash to close$170,487$35,900$35,900