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$147,246$147,246$436,500
Remaining term (yrs)14.914.930.0
Secondary amount$0$289,254$0
Funding fee$736$736$0
Note rate4.220%4.220%7.400%
Blended rate4.220%6.559%7.640%
1st payment$1,101.09$1,101.09$3,022.24
2nd payment$0.00$1,868.10$0.00
Taxes / mo$300.75$300.75$300.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.30
HOA / mo$64.00$64.00$64.00
Total monthly$1,632.50$3,500.60$3,640.95
Cash to close$337,754$48,500$48,500