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$189,365$189,365$261,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$71,635$0
Funding fee$947$947$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.560%7.640%
1st payment$907.12$907.12$1,807.11
2nd payment$0.00$537.26$0.00
Taxes / mo$602.92$602.92$602.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,660.04$2,197.30$2,612.23
Cash to close$100,635$29,000$29,000