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$183,703$183,703$202,499
Remaining term (yrs)26.026.030.0
Secondary amount$0$30,046$0
Funding fee$919$919$0
Note rate6.290%6.290%7.400%
Blended rate6.290%7.075%7.640%
1st payment$1,194.19$1,194.19$1,402.06
2nd payment$0.00$297.33$0.00
Taxes / mo$507.08$507.08$507.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,851.28$2,148.61$2,099.65
Cash to close$41,296$11,250$22,500