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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$196,858$196,858$377,100
Remaining term (yrs)18.618.630.0
Secondary amount$0$180,242$0
Funding fee$984$984$0
Note rate3.67%3.67%7.18%
Blended rate3.67%5.74%7.42%
1st payment$1,215.26$1,215.26$2,554.61
2nd payment$0.00$1,201.61$0.00
Taxes / mo$257.25$257.25$257.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.42
HOA / mo$758.00$758.00$758.00
Total monthly$2,380.51$3,582.12$3,795.28
Cash to close$222,142$41,900$41,900