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$159,894$159,894$472,500
Remaining term (yrs)18.018.030.0
Secondary amount$0$312,606$0
Funding fee$799$799$0
Note rate4.120%4.120%7.400%
Blended rate4.120%6.522%7.640%
1st payment$1,043.07$1,043.07$3,271.49
2nd payment$0.00$2,018.92$0.00
Taxes / mo$211.67$211.67$211.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$18.00$18.00$18.00
Total monthly$1,439.40$3,458.32$3,762.33
Cash to close$365,106$52,500$52,500