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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$195,959$195,959$341,100
Remaining term (yrs)23.323.330.0
Secondary amount$0$145,141$0
Funding fee$980$980$0
Note rate3.62%3.62%7.18%
Blended rate3.62%5.484%7.42%
1st payment$1,035.19$1,035.19$2,310.73
2nd payment$0.00$967.61$0.00
Taxes / mo$142.33$142.33$142.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.22
HOA / mo$67.00$67.00$67.00
Total monthly$1,394.52$2,362.13$2,738.28
Cash to close$183,041$37,900$37,900