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$179,348$179,348$395,910
Remaining term (yrs)20.120.130.0
Secondary amount$0$216,562$0
Funding fee$897$897$0
Note rate3.470%3.470%7.400%
Blended rate3.470%5.811%7.640%
1st payment$1,028.51$1,028.51$2,741.20
2nd payment$0.00$1,398.63$0.00
Taxes / mo$243.21$243.21$243.21
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,421.72$2,820.35$3,213.59
Cash to close$260,552$43,990$43,990