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$179,028$179,028$495,000
Remaining term (yrs)19.019.030.0
Secondary amount$0$315,972$0
Funding fee$895$895$0
Note rate3.930%3.930%7.400%
Blended rate3.930%6.368%7.640%
1st payment$1,112.46$1,112.46$3,427.28
2nd payment$0.00$2,040.66$0.00
Taxes / mo$53.58$53.58$53.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,332.71$3,373.37$3,746.53
Cash to close$370,972$55,000$55,000