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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$190,978$190,978$256,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$65,522$0
Funding fee$955$955$0
Note rate2.67%2.67%7.18%
Blended rate2.67%4.287%7.42%
1st payment$890.05$890.05$1,737.62
2nd payment$0.00$491.41$0.00
Taxes / mo$184.08$184.08$184.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.30
HOA / mo$68.00$68.00$68.00
Total monthly$1,292.13$1,783.54$2,191.00
Cash to close$94,022$28,500$28,500