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$178,241$178,241$404,910
Remaining term (yrs)19.919.930.0
Secondary amount$0$226,669$0
Funding fee$891$891$0
Note rate3.410%3.410%7.400%
Blended rate3.410%5.840%7.640%
1st payment$1,025.50$1,025.50$2,803.52
2nd payment$0.00$1,463.91$0.00
Taxes / mo$197.08$197.08$197.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,372.58$2,836.49$3,231.58
Cash to close$271,659$44,990$44,990