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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$195,446$195,446$427,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$232,054$0
Funding fee$977$977$0
Note rate2.660%2.660%7.320%
Blended rate2.660%5.423%7.560%
1st payment$905.48$905.48$2,936.63
2nd payment$0.00$1,498.68$0.00
Taxes / mo$184.25$184.25$184.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,256.39$2,755.08$3,373.05
Cash to close$279,554$47,500$47,500