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$184,097$184,097$449,100
Remaining term (yrs)11.711.730.0
Secondary amount$0$265,003$0
Funding fee$920$920$0
Note rate6.010%6.010%7.400%
Blended rate6.010%7.037%7.640%
1st payment$1,814.77$1,814.77$3,109.48
2nd payment$0.00$1,711.48$0.00
Taxes / mo$415.83$415.83$415.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,397.27$4,108.75$3,781.80
Cash to close$314,903$49,900$49,900