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$189,664$189,664$221,400
Remaining term (yrs)28.128.130.0
Secondary amount$0$31,736$0
Funding fee$948$948$0
Note rate6.69%6.69%7.18%
Blended rate6.69%7.021%7.42%
1st payment$1,247.97$1,247.97$1,499.84
2nd payment$0.00$238.02$0.00
Taxes / mo$44.00$44.00$44.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,441.97$1,679.99$1,738.12
Cash to close$56,336$24,600$24,600