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$157,694$157,694$652,500
Remaining term (yrs)19.619.630.0
Secondary amount$0$494,806$0
Funding fee$788$788$0
Note rate3.560%3.560%7.400%
Blended rate3.560%6.737%7.640%
1st payment$927.42$927.42$4,517.78
2nd payment$0.00$3,195.62$0.00
Taxes / mo$604.17$604.17$604.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,748.25$4,943.88$5,469.11
Cash to close$567,306$72,500$72,500