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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$189,941$189,941$305,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$115,969$0
Funding fee$950$950$0
Note rate2.81%2.81%7.18%
Blended rate2.81%4.777%7.42%
1st payment$900.91$900.91$2,072.34
2nd payment$0.00$773.12$0.00
Taxes / mo$211.58$211.58$211.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.18
HOA / mo$80.00$80.00$80.00
Total monthly$1,342.49$2,115.62$2,575.11
Cash to close$149,959$33,990$33,990