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$196,868$196,868$242,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$46,042$0
Funding fee$984$984$0
Note rate2.940%2.940%7.400%
Blended rate2.940%4.089%7.640%
1st payment$951.39$951.39$1,681.86
2nd payment$0.00$345.31$0.00
Taxes / mo$156.50$156.50$156.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.58
HOA / mo$432.00$432.00$432.00
Total monthly$1,689.89$2,035.21$2,468.94
Cash to close$73,032$26,990$26,990