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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$195,053$195,053$306,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$110,947$0
Funding fee$975$975$0
Note rate2.67%2.67%7.18%
Blended rate2.67%4.603%7.42%
1st payment$909.04$909.04$2,072.95
2nd payment$0.00$739.65$0.00
Taxes / mo$67.58$67.58$67.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$123.00$123.00$123.00
Total monthly$1,249.62$1,989.27$2,474.73
Cash to close$144,947$34,000$34,000