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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$185,454$185,454$377,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$192,456$0
Funding fee$927$927$0
Note rate3.1%3.1%7.18%
Blended rate3.1%5.595%7.42%
1st payment$899.11$899.11$2,560.09
2nd payment$0.00$1,283.04$0.00
Taxes / mo$145.50$145.50$145.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.58
HOA / mo$21.00$21.00$21.00
Total monthly$1,215.61$2,498.65$2,952.18
Cash to close$234,446$41,990$41,990