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$52,894$52,894$235,350
Remaining term (yrs)20.220.230.0
Secondary amount$0$182,456$0
Funding fee$264$264$0
Note rate4.03%4.03%7.18%
Blended rate4.03%7.108%7.42%
1st payment$318.78$318.78$1,594.34
2nd payment$0.00$1,216.38$0.00
Taxes / mo$29.42$29.42$29.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$47.07
HOA / mo$0.00$0.00$0.00
Total monthly$498.20$1,714.57$1,820.83
Cash to close$208,606$26,150$26,150