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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$191,425$191,425$219,600
Remaining term (yrs)24.324.330.0
Secondary amount$0$28,175$0
Funding fee$957$957$0
Note rate2.73%2.73%7.18%
Blended rate2.73%3.534%7.42%
1st payment$895.80$895.80$1,487.65
2nd payment$0.00$211.31$0.00
Taxes / mo$95.17$95.17$95.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.92
HOA / mo$0.00$0.00$0.00
Total monthly$1,140.97$1,352.28$1,776.73
Cash to close$52,575$24,400$24,400