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$195,908$195,908$355,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$159,592$0
Funding fee$980$980$0
Note rate5.410%5.410%7.400%
Blended rate5.410%6.573%7.640%
1st payment$1,169.28$1,169.28$2,461.41
2nd payment$0.00$1,063.94$0.00
Taxes / mo$117.50$117.50$117.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,436.78$2,500.73$2,800.01
Cash to close$199,092$39,500$39,500