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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$196,067$196,067$243,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$46,933$0
Funding fee$980$980$0
Note rate3.01%3.01%7.18%
Blended rate3.01%4.167%7.42%
1st payment$928.72$928.72$1,646.17
2nd payment$0.00$352.00$0.00
Taxes / mo$132.50$132.50$132.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.60
HOA / mo$80.00$80.00$80.00
Total monthly$1,291.22$1,643.22$2,057.27
Cash to close$73,933$27,000$27,000