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$149,334$149,334$376,200
Remaining term (yrs)19.519.530.0
Secondary amount$0$226,866$0
Funding fee$747$747$0
Note rate8.849%8.849%7.400%
Blended rate8.849%8.186%7.640%
1st payment$1,339.50$1,339.50$2,604.73
2nd payment$0.00$1,465.17$0.00
Taxes / mo$505.83$505.83$505.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.24
HOA / mo$148.33$148.33$148.33
Total monthly$2,143.66$3,608.84$3,484.14
Cash to close$268,666$41,800$41,800