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$194,471$194,471$357,300
Remaining term (yrs)28.128.130.0
Secondary amount$0$162,829$0
Funding fee$972$972$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.184%7.640%
1st payment$1,254.34$1,254.34$2,473.87
2nd payment$0.00$1,085.52$0.00
Taxes / mo$485.01$485.01$485.01
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.46
HOA / mo$226.00$226.00$226.00
Total monthly$2,115.35$3,200.87$3,406.34
Cash to close$202,529$39,700$39,700