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$163,040$163,040$508,500
Remaining term (yrs)14.314.330.0
Secondary amount$0$345,460$0
Funding fee$815$815$0
Note rate4.740%4.740%7.400%
Blended rate4.740%6.785%7.640%
1st payment$1,302.61$1,302.61$3,520.75
2nd payment$0.00$2,231.10$0.00
Taxes / mo$261.75$261.75$261.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.70
HOA / mo$52.00$52.00$52.00
Total monthly$1,783.03$4,014.12$4,102.87
Cash to close$401,960$56,500$56,500