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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$193,281$193,281$263,250
Remaining term (yrs)24.224.230.0
Secondary amount$0$69,969$0
Funding fee$966$966$0
Note rate2.77%2.77%7.18%
Blended rate2.77%4.426%7.42%
1st payment$912.80$912.80$1,783.35
2nd payment$0.00$524.77$0.00
Taxes / mo$87.83$87.83$87.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.65
HOA / mo$385.00$385.00$385.00
Total monthly$1,535.63$2,060.40$2,458.83
Cash to close$99,219$29,250$29,250