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$186,300$186,300$373,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$187,200$0
Funding fee$932$932$0
Note rate2.960%2.960%7.400%
Blended rate2.960%5.486%7.640%
1st payment$897.99$897.99$2,586.04
2nd payment$0.00$1,248.00$0.00
Taxes / mo$117.33$117.33$117.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$79.33$79.33$79.33
Total monthly$1,244.65$2,492.65$3,007.40
Cash to close$228,700$41,500$41,500