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$144,198$144,198$567,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$422,802$0
Funding fee$721$721$0
Note rate2.740%2.740%7.400%
Blended rate2.740%6.476%7.640%
1st payment$673.92$673.92$3,925.79
2nd payment$0.00$2,730.59$0.00
Taxes / mo$216.67$216.67$216.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,057.25$3,787.85$4,422.53
Cash to close$485,802$63,000$63,000