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$186,906$186,906$337,500
Remaining term (yrs)20.720.730.0
Secondary amount$0$150,594$0
Funding fee$935$935$0
Note rate4.03%4.03%7.18%
Blended rate4.03%5.801%7.42%
1st payment$1,106.06$1,106.06$2,286.34
2nd payment$0.00$1,003.96$0.00
Taxes / mo$174.00$174.00$174.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$127.00$127.00$127.00
Total monthly$1,557.06$2,561.02$2,804.84
Cash to close$188,094$37,500$37,500