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$182,469$182,469$598,410
Remaining term (yrs)17.317.330.0
Secondary amount$0$415,941$0
Funding fee$912$912$0
Note rate4.480%4.480%7.400%
Blended rate4.480%6.753%7.640%
1st payment$1,259.07$1,259.07$4,143.27
2nd payment$0.00$2,686.28$0.00
Taxes / mo$353.08$353.08$353.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,778.82$4,465.10$4,782.70
Cash to close$482,431$66,490$66,490