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$174,725$174,725$540,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$365,275$0
Funding fee$874$874$0
Note rate2.620%2.620%7.400%
Blended rate2.620%6.090%7.640%
1st payment$841.29$841.29$3,738.85
2nd payment$0.00$2,359.07$0.00
Taxes / mo$579.08$579.08$579.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$189.00$189.00$189.00
Total monthly$1,776.04$4,135.11$4,781.60
Cash to close$425,275$60,000$60,000