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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$184,336$184,336$396,000
Remaining term (yrs)19.119.130.0
Secondary amount$0$211,664$0
Funding fee$922$922$0
Note rate3.09%3.09%7.18%
Blended rate3.09%5.581%7.42%
1st payment$1,063.08$1,063.08$2,682.64
2nd payment$0.00$1,367.00$0.00
Taxes / mo$106.92$106.92$106.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$85.00$85.00$85.00
Total monthly$1,405.00$2,772.00$3,103.76
Cash to close$255,664$44,000$44,000