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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$198,538$198,538$251,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$52,562$0
Funding fee$993$993$0
Note rate2.96%2.96%7.18%
Blended rate2.96%4.224%7.42%
1st payment$943.76$943.76$1,701.04
2nd payment$0.00$394.22$0.00
Taxes / mo$154.92$154.92$154.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,248.68$1,642.90$2,056.18
Cash to close$80,462$27,900$27,900