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$192,475$192,475$377,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$185,435$0
Funding fee$962$962$0
Note rate2.710%2.710%7.400%
Blended rate2.710%5.306%7.640%
1st payment$898.76$898.76$2,616.57
2nd payment$0.00$1,236.24$0.00
Taxes / mo$441.75$441.75$441.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.58
HOA / mo$16.17$16.17$16.17
Total monthly$1,506.68$2,742.91$3,300.07
Cash to close$227,425$41,990$41,990