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$184,362$184,362$382,410
Remaining term (yrs)27.027.030.0
Secondary amount$0$198,048$0
Funding fee$922$922$0
Note rate7.190%7.190%7.400%
Blended rate7.190%7.609%7.640%
1st payment$1,288.41$1,288.41$2,647.73
2nd payment$0.00$1,320.32$0.00
Taxes / mo$540.25$540.25$540.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.48
HOA / mo$497.67$497.67$497.67
Total monthly$2,476.33$3,796.65$3,912.13
Cash to close$240,538$42,490$42,490