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$191,884$191,884$219,600
Remaining term (yrs)24.424.430.0
Secondary amount$0$27,716$0
Funding fee$959$959$0
Note rate2.730%2.730%7.400%
Blended rate2.730%3.521%7.640%
1st payment$895.80$895.80$1,520.47
2nd payment$0.00$207.87$0.00
Taxes / mo$95.17$95.17$95.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.92
HOA / mo$0.00$0.00$0.00
Total monthly$1,140.97$1,348.84$1,809.55
Cash to close$52,116$24,400$24,400