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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$188,149$188,149$350,100
Remaining term (yrs)22.422.430.0
Secondary amount$0$161,951$0
Funding fee$941$941$0
Note rate4.41%4.41%7.18%
Blended rate4.41%6.071%7.42%
1st payment$1,100.01$1,100.01$2,371.70
2nd payment$0.00$1,079.67$0.00
Taxes / mo$81.83$81.83$81.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,331.84$2,411.52$2,673.55
Cash to close$200,851$38,900$38,900