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$140,302$140,302$337,410
Remaining term (yrs)11.511.530.0
Secondary amount$0$197,108$0
Funding fee$702$702$0
Note rate5.810%5.810%7.400%
Blended rate5.810%7.089%7.640%
1st payment$1,389.18$1,389.18$2,336.16
2nd payment$0.00$1,314.05$0.00
Taxes / mo$168.50$168.50$168.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.48
HOA / mo$28.00$28.00$28.00
Total monthly$1,735.68$3,049.73$2,750.14
Cash to close$234,598$37,490$37,490