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$197,048$197,048$445,500
Remaining term (yrs)19.019.030.0
Secondary amount$0$248,452$0
Funding fee$985$985$0
Note rate3.890%3.890%7.400%
Blended rate3.890%6.043%7.640%
1st payment$1,216.76$1,216.76$3,084.55
2nd payment$0.00$1,604.58$0.00
Taxes / mo$290.42$290.42$290.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.10
HOA / mo$8.33$8.33$8.33
Total monthly$1,682.18$3,286.76$3,639.07
Cash to close$297,952$49,500$49,500