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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$44,108$44,108$193,500
Remaining term (yrs)16.416.430.0
Secondary amount$0$149,392$0
Funding fee$221$221$0
Note rate3.5%3.5%7.18%
Blended rate3.5%6.974%7.42%
1st payment$293.57$293.57$1,310.84
2nd payment$0.00$995.94$0.00
Taxes / mo$48.83$48.83$48.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$492.40$1,488.34$1,548.37
Cash to close$170,892$21,500$21,500