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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$162,907$162,907$360,000
Remaining term (yrs)19.719.730.0
Secondary amount$0$197,093$0
Funding fee$815$815$0
Note rate5.73%5.73%7.18%
Blended rate5.73%6.973%7.42%
1st payment$1,147.02$1,147.02$2,438.77
2nd payment$0.00$1,313.95$0.00
Taxes / mo$138.42$138.42$138.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,435.44$2,749.39$2,799.18
Cash to close$237,093$40,000$40,000