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$187,740$187,740$696,510
Remaining term (yrs)17.417.430.0
Secondary amount$0$508,770$0
Funding fee$939$939$0
Note rate4.320%4.320%7.400%
Blended rate4.320%6.825%7.640%
1st payment$1,275.64$1,275.64$4,822.49
2nd payment$0.00$3,285.81$0.00
Taxes / mo$386.42$386.42$386.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,878.73$5,164.53$5,564.88
Cash to close$586,160$77,390$77,390