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$181,409$181,409$436,500
Remaining term (yrs)19.019.030.0
Secondary amount$0$255,091$0
Funding fee$907$907$0
Note rate2.860%2.860%7.400%
Blended rate2.860%5.718%7.640%
1st payment$1,025.48$1,025.48$3,022.24
2nd payment$0.00$1,647.46$0.00
Taxes / mo$404.33$404.33$404.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,596.48$3,243.95$3,680.54
Cash to close$303,591$48,500$48,500