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$162,662$162,662$611,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$448,438$0
Funding fee$813$813$0
Note rate6.260%6.260%7.400%
Blended rate6.260%7.353%7.640%
1st payment$1,047.83$1,047.83$4,231.13
2nd payment$0.00$2,896.16$0.00
Taxes / mo$298.50$298.50$298.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$122.22
HOA / mo$208.00$208.00$208.00
Total monthly$1,720.99$4,617.16$5,026.52
Cash to close$516,338$67,900$67,900