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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$126,148$126,148$288,000
Remaining term (yrs)16.516.530.0
Secondary amount$0$161,852$0
Funding fee$631$631$0
Note rate3.54%3.54%7.18%
Blended rate3.54%6.046%7.42%
1st payment$838.99$838.99$1,951.01
2nd payment$0.00$1,079.01$0.00
Taxes / mo$134.42$134.42$134.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$40.00$40.00$40.00
Total monthly$1,163.41$2,242.42$2,333.03
Cash to close$193,852$32,000$32,000