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$189,558$189,558$585,000
Remaining term (yrs)15.815.830.0
Secondary amount$0$395,442$0
Funding fee$948$948$0
Note rate3.680%3.680%7.400%
Blended rate3.680%6.431%7.640%
1st payment$1,312.80$1,312.80$4,050.42
2nd payment$0.00$2,553.90$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,021.13$4,575.03$4,875.76
Cash to close$460,442$65,000$65,000