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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$197,011$197,011$368,100
Remaining term (yrs)21.721.730.0
Secondary amount$0$171,089$0
Funding fee$985$985$0
Note rate4.57%4.57%7.18%
Blended rate4.57%6.164%7.42%
1st payment$1,189.79$1,189.79$2,493.64
2nd payment$0.00$1,140.59$0.00
Taxes / mo$132.33$132.33$132.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.62
HOA / mo$162.00$162.00$162.00
Total monthly$1,634.12$2,774.71$3,011.59
Cash to close$211,989$40,900$40,900