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$196,123$196,123$431,100
Remaining term (yrs)27.027.030.0
Secondary amount$0$234,977$0
Funding fee$981$981$0
Note rate7.490%7.490%7.400%
Blended rate7.490%7.632%7.640%
1st payment$1,410.88$1,410.88$2,984.85
2nd payment$0.00$1,517.56$0.00
Taxes / mo$744.08$744.08$744.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.22
HOA / mo$126.00$126.00$126.00
Total monthly$2,447.63$3,965.19$4,107.82
Cash to close$282,877$47,900$47,900