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$194,242$194,242$260,550
Remaining term (yrs)24.524.530.0
Secondary amount$0$66,308$0
Funding fee$971$971$0
Note rate3.050%3.050%7.400%
Blended rate3.050%4.564%7.640%
1st payment$934.53$934.53$1,804.00
2nd payment$0.00$497.31$0.00
Taxes / mo$83.92$83.92$83.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.11
HOA / mo$329.00$329.00$329.00
Total monthly$1,497.45$1,994.76$2,419.02
Cash to close$95,258$28,950$28,950