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$181,690$181,690$764,550
Remaining term (yrs)23.923.930.0
Secondary amount$0$582,860$0
Funding fee$908$908$0
Note rate3.020%3.020%7.400%
Blended rate3.020%6.626%7.640%
1st payment$887.64$887.64$5,293.59
2nd payment$0.00$3,764.30$0.00
Taxes / mo$707.92$707.92$707.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$152.91
HOA / mo$0.00$0.00$0.00
Total monthly$1,812.22$5,576.52$6,371.08
Cash to close$667,810$84,950$84,950