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$192,633$192,633$218,700
Remaining term (yrs)26.226.230.0
Secondary amount$0$26,067$0
Funding fee$963$963$0
Note rate6.330%6.330%7.400%
Blended rate6.330%6.648%7.640%
1st payment$1,253.97$1,253.97$1,514.23
2nd payment$0.00$195.50$0.00
Taxes / mo$218.67$218.67$218.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.74
HOA / mo$0.00$0.00$0.00
Total monthly$1,622.63$1,818.14$1,926.64
Cash to close$50,367$24,300$24,300