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$174,392$174,392$332,910
Remaining term (yrs)19.519.530.0
Secondary amount$0$158,518$0
Funding fee$872$872$0
Note rate3.650%3.650%7.400%
Blended rate3.650%5.721%7.640%
1st payment$1,039.73$1,039.73$2,305.00
2nd payment$0.00$1,056.79$0.00
Taxes / mo$304.17$304.17$304.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,493.89$2,550.68$2,825.75
Cash to close$195,508$36,990$36,990