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$181,572$181,572$373,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$191,928$0
Funding fee$908$908$0
Note rate3.600%3.600%7.400%
Blended rate3.600%5.861%7.640%
1st payment$952.95$952.95$2,586.04
2nd payment$0.00$1,279.52$0.00
Taxes / mo$5.17$5.17$5.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$12.92$12.92$12.92
Total monthly$1,121.03$2,400.55$2,828.83
Cash to close$233,428$41,500$41,500