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$198,082$198,082$751,500
Remaining term (yrs)20.020.030.0
Secondary amount$0$553,418$0
Funding fee$990$990$0
Note rate3.440%3.440%7.400%
Blended rate3.440%6.614%7.640%
1st payment$1,136.13$1,136.13$5,203.23
2nd payment$0.00$3,574.16$0.00
Taxes / mo$226.50$226.50$226.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$150.30
HOA / mo$116.67$116.67$116.67
Total monthly$1,695.97$5,270.13$5,913.37
Cash to close$636,918$83,500$83,500