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$196,931$196,931$211,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$26,319$0
Funding fee$985$985$0
Note rate3.050%3.050%7.400%
Blended rate3.050%4.090%7.640%
1st payment$932.80$932.80$1,464.38
2nd payment$0.00$260.44$0.00
Taxes / mo$30.75$30.75$30.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.30
HOA / mo$255.00$255.00$255.00
Total monthly$1,368.55$1,629.00$1,942.43
Cash to close$38,069$11,750$23,500