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$187,688$187,688$215,910
Remaining term (yrs)26.026.030.0
Secondary amount$0$28,222$0
Funding fee$938$938$0
Note rate6.660%6.660%7.400%
Blended rate6.660%6.966%7.640%
1st payment$1,264.00$1,264.00$1,494.92
2nd payment$0.00$211.67$0.00
Taxes / mo$109.42$109.42$109.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,523.41$1,735.08$1,797.52
Cash to close$52,212$23,990$23,990