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$188,394$188,394$384,210
Remaining term (yrs)23.923.930.0
Secondary amount$0$195,816$0
Funding fee$942$942$0
Note rate3.160%3.160%7.400%
Blended rate3.160%5.627%7.640%
1st payment$934.07$934.07$2,660.19
2nd payment$0.00$1,305.44$0.00
Taxes / mo$237.58$237.58$237.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.84
HOA / mo$109.00$109.00$109.00
Total monthly$1,430.66$2,736.10$3,233.62
Cash to close$238,506$42,690$42,690