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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$191,303$191,303$409,496
Remaining term (yrs)26.126.130.0
Secondary amount$0$218,192$0
Funding fee$957$957$0
Note rate6.81%6.81%7.18%
Blended rate6.81%7.311%7.42%
1st payment$1,305.18$1,305.18$2,774.07
2nd payment$0.00$1,409.16$0.00
Taxes / mo$208.83$208.83$208.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$81.90
HOA / mo$146.00$146.00$146.00
Total monthly$1,826.68$3,235.84$3,377.46
Cash to close$263,692$45,500$45,500