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$194,420$194,420$224,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$30,490$0
Funding fee$972$972$0
Note rate2.710%2.710%7.400%
Blended rate2.710%3.563%7.640%
1st payment$905.66$905.66$1,557.23
2nd payment$0.00$228.68$0.00
Taxes / mo$68.33$68.33$68.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.98
HOA / mo$355.00$355.00$355.00
Total monthly$1,478.99$1,707.67$2,175.55
Cash to close$55,480$24,990$24,990