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$191,832$191,832$329,400
Remaining term (yrs)24.624.630.0
Secondary amount$0$137,568$0
Funding fee$959$959$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.972%7.640%
1st payment$896.07$896.07$2,280.70
2nd payment$0.00$917.12$0.00
Taxes / mo$279.67$279.67$279.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.88
HOA / mo$115.00$115.00$115.00
Total monthly$1,440.74$2,357.86$2,891.25
Cash to close$174,168$36,600$36,600