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$184,923$184,923$396,000
Remaining term (yrs)19.119.130.0
Secondary amount$0$211,077$0
Funding fee$925$925$0
Note rate3.090%3.090%7.400%
Blended rate3.090%5.574%7.640%
1st payment$1,063.08$1,063.08$2,741.82
2nd payment$0.00$1,363.21$0.00
Taxes / mo$106.92$106.92$106.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$85.00$85.00$85.00
Total monthly$1,405.00$2,768.21$3,162.94
Cash to close$255,077$44,000$44,000