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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$184,980$184,980$373,500
Remaining term (yrs)18.818.830.0
Secondary amount$0$188,520$0
Funding fee$925$925$0
Note rate3.98%3.98%7.18%
Blended rate3.98%6.009%7.42%
1st payment$1,161.07$1,161.07$2,530.22
2nd payment$0.00$1,256.80$0.00
Taxes / mo$103.83$103.83$103.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,414.91$2,671.70$2,858.75
Cash to close$230,020$41,500$41,500