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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$187,614$187,614$298,800
Remaining term (yrs)22.322.330.0
Secondary amount$0$111,186$0
Funding fee$938$938$0
Note rate4.46%4.46%7.18%
Blended rate4.46%5.777%7.42%
1st payment$1,104.44$1,104.44$2,024.18
2nd payment$0.00$741.24$0.00
Taxes / mo$125.00$125.00$125.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.76
HOA / mo$57.00$57.00$57.00
Total monthly$1,436.44$2,177.68$2,415.94
Cash to close$144,386$33,200$33,200