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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$186,133$186,133$213,300
Remaining term (yrs)24.224.230.0
Secondary amount$0$27,167$0
Funding fee$931$931$0
Note rate2.72%2.72%7.18%
Blended rate2.72%3.52%7.42%
1st payment$874.31$874.31$1,444.97
2nd payment$0.00$203.75$0.00
Taxes / mo$26.08$26.08$26.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.66
HOA / mo$3.17$3.17$3.17
Total monthly$1,053.56$1,257.31$1,666.88
Cash to close$50,867$23,700$23,700