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$178,118$178,118$445,500
Remaining term (yrs)19.419.430.0
Secondary amount$0$267,382$0
Funding fee$891$891$0
Note rate3.970%3.970%7.400%
Blended rate3.970%6.239%7.640%
1st payment$1,094.67$1,094.67$3,084.55
2nd payment$0.00$1,726.84$0.00
Taxes / mo$243.92$243.92$243.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,505.25$3,232.09$3,584.24
Cash to close$316,882$49,500$49,500