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$182,562$182,562$418,500
Remaining term (yrs)19.019.030.0
Secondary amount$0$235,938$0
Funding fee$913$913$0
Note rate3.890%3.890%7.400%
Blended rate3.890%6.066%7.640%
1st payment$1,130.63$1,130.63$2,897.61
2nd payment$0.00$1,523.77$0.00
Taxes / mo$822.85$822.85$822.85
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,120.14$3,643.91$3,970.83
Cash to close$282,438$46,500$46,500