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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$189,385$189,385$211,950
Remaining term (yrs)28.128.130.0
Secondary amount$0$34,340$0
Funding fee$947$947$0
Note rate6.32%6.32%7.18%
Blended rate6.32%7.173%7.42%
1st payment$1,200.86$1,200.86$1,435.82
2nd payment$0.00$339.83$0.00
Taxes / mo$44.00$44.00$44.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.39
HOA / mo$0.00$0.00$0.00
Total monthly$1,394.86$1,734.68$1,672.21
Cash to close$46,115$11,775$23,550