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$176,478$176,478$764,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$588,432$0
Funding fee$882$882$0
Note rate2.960%2.960%7.400%
Blended rate2.960%6.645%7.640%
1st payment$838.90$838.90$5,296.08
2nd payment$0.00$3,800.29$0.00
Taxes / mo$53.58$53.58$53.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$152.98
HOA / mo$227.00$227.00$227.00
Total monthly$1,336.15$5,136.44$5,946.31
Cash to close$673,422$84,990$84,990