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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$198,076$198,076$378,000
Remaining term (yrs)22.622.630.0
Secondary amount$0$179,924$0
Funding fee$990$990$0
Note rate3.99%3.99%7.18%
Blended rate3.99%5.899%7.42%
1st payment$1,105.13$1,105.13$2,560.70
2nd payment$0.00$1,199.50$0.00
Taxes / mo$104.42$104.42$104.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$114.00$114.00$114.00
Total monthly$1,473.54$2,673.04$3,004.72
Cash to close$221,924$42,000$42,000