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$189,864$189,864$506,700
Remaining term (yrs)26.026.030.0
Secondary amount$0$316,836$0
Funding fee$949$949$0
Note rate5.130%5.130%7.400%
Blended rate5.130%6.768%7.640%
1st payment$1,101.47$1,101.47$3,508.29
2nd payment$0.00$2,046.23$0.00
Taxes / mo$134.33$134.33$134.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.34
HOA / mo$205.00$205.00$205.00
Total monthly$1,607.47$3,653.70$4,115.63
Cash to close$373,136$56,300$56,300