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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$187,745$187,745$418,500
Remaining term (yrs)18.118.130.0
Secondary amount$0$230,755$0
Funding fee$939$939$0
Note rate3.800%3.800%7.400%
Blended rate3.800%5.978%7.640%
1st payment$1,189.94$1,189.94$2,897.61
2nd payment$0.00$1,490.29$0.00
Taxes / mo$184.83$184.83$184.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$116.33$116.33$116.33
Total monthly$1,657.77$3,148.06$3,449.14
Cash to close$277,255$46,500$46,500