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$191,924$191,924$220,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$28,576$0
Funding fee$960$960$0
Note rate2.740%2.740%7.400%
Blended rate2.740%3.551%7.640%
1st payment$896.97$896.97$1,526.70
2nd payment$0.00$214.32$0.00
Taxes / mo$95.17$95.17$95.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,142.13$1,356.45$1,815.96
Cash to close$53,076$24,500$24,500