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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$191,465$191,465$220,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$29,035$0
Funding fee$957$957$0
Note rate2.74%2.74%7.18%
Blended rate2.74%3.564%7.42%
1st payment$896.97$896.97$1,493.74
2nd payment$0.00$217.76$0.00
Taxes / mo$95.17$95.17$95.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,142.13$1,359.89$1,783.01
Cash to close$53,535$24,500$24,500