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$189,161$189,161$985,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$796,339$0
Funding fee$946$946$0
Note rate2.600%2.600%7.400%
Blended rate2.600%6.761%7.640%
1st payment$872.74$872.74$6,823.40
2nd payment$0.00$5,143.02$0.00
Taxes / mo$275.67$275.67$275.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$197.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,365.07$6,508.09$7,512.84
Cash to close$905,839$109,500$109,500