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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$189,575$189,575$506,700
Remaining term (yrs)25.925.930.0
Secondary amount$0$317,125$0
Funding fee$948$948$0
Note rate5.13%5.13%7.18%
Blended rate5.13%6.77%7.42%
1st payment$1,101.47$1,101.47$3,432.56
2nd payment$0.00$2,048.10$0.00
Taxes / mo$134.33$134.33$134.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.34
HOA / mo$205.00$205.00$205.00
Total monthly$1,607.47$3,655.57$4,039.90
Cash to close$373,425$56,300$56,300