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$126,360$126,360$198,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$71,640$0
Funding fee$632$632$0
Note rate2.310%2.310%7.400%
Blended rate2.310%4.731%7.640%
1st payment$549.46$549.46$1,370.91
2nd payment$0.00$537.30$0.00
Taxes / mo$138.05$138.05$138.05
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$39.60
HOA / mo$365.00$365.00$365.00
Total monthly$1,202.52$1,739.81$2,063.56
Cash to close$93,640$22,000$22,000