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$179,715$179,715$535,500
Remaining term (yrs)16.516.530.0
Secondary amount$0$355,785$0
Funding fee$899$899$0
Note rate3.570%3.570%7.400%
Blended rate3.570%6.347%7.640%
1st payment$1,193.55$1,193.55$3,707.69
2nd payment$0.00$2,297.78$0.00
Taxes / mo$293.00$293.00$293.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.10
HOA / mo$150.00$150.00$150.00
Total monthly$1,803.22$4,101.00$4,424.46
Cash to close$415,285$59,500$59,500