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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$188,598$188,598$279,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$90,402$0
Funding fee$943$943$0
Note rate3.64%3.64%7.18%
Blended rate3.64%5.377%7.42%
1st payment$998.32$998.32$1,890.04
2nd payment$0.00$678.01$0.00
Taxes / mo$74.33$74.33$74.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,222.65$1,900.67$2,170.18
Cash to close$121,402$31,000$31,000