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$195,527$195,527$306,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$110,473$0
Funding fee$978$978$0
Note rate2.670%2.670%7.400%
Blended rate2.670%4.594%7.640%
1st payment$909.04$909.04$2,118.68
2nd payment$0.00$736.49$0.00
Taxes / mo$67.58$67.58$67.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$123.00$123.00$123.00
Total monthly$1,249.62$1,986.11$2,520.47
Cash to close$144,473$34,000$34,000