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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$189,012$189,012$382,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$193,488$0
Funding fee$945$945$0
Note rate3.72%3.72%7.18%
Blended rate3.72%5.885%7.42%
1st payment$1,015.42$1,015.42$2,591.19
2nd payment$0.00$1,289.92$0.00
Taxes / mo$49.33$49.33$49.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,214.76$2,504.68$2,867.02
Cash to close$235,988$42,500$42,500