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$193,953$193,953$562,500
Remaining term (yrs)18.118.130.0
Secondary amount$0$368,547$0
Funding fee$970$970$0
Note rate3.920%3.920%7.400%
Blended rate3.920%6.429%7.640%
1st payment$1,241.26$1,241.26$3,894.64
2nd payment$0.00$2,380.20$0.00
Taxes / mo$388.42$388.42$388.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$2.75$2.75$2.75
Total monthly$1,799.09$4,179.29$4,564.97
Cash to close$431,047$62,500$62,500