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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$193,953$193,953$224,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$30,957$0
Funding fee$970$970$0
Note rate2.71%2.71%7.18%
Blended rate2.71%3.576%7.42%
1st payment$905.66$905.66$1,523.62
2nd payment$0.00$232.18$0.00
Taxes / mo$68.33$68.33$68.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.98
HOA / mo$355.00$355.00$355.00
Total monthly$1,478.99$1,711.17$2,141.93
Cash to close$55,947$24,990$24,990