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$153,897$153,897$344,700
Remaining term (yrs)16.016.030.0
Secondary amount$0$190,803$0
Funding fee$769$769$0
Note rate3.550%3.550%7.400%
Blended rate3.550%6.013%7.640%
1st payment$1,047.73$1,047.73$2,386.63
2nd payment$0.00$1,272.02$0.00
Taxes / mo$319.17$319.17$319.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.94
HOA / mo$562.00$562.00$562.00
Total monthly$2,078.89$3,350.91$3,486.74
Cash to close$229,103$38,300$38,300