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$182,255$182,255$719,910
Remaining term (yrs)23.223.230.0
Secondary amount$0$537,655$0
Funding fee$911$911$0
Note rate3.610%3.610%7.400%
Blended rate3.610%6.702%7.640%
1st payment$964.02$964.02$4,984.51
2nd payment$0.00$3,472.35$0.00
Taxes / mo$176.50$176.50$176.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,357.18$4,829.54$5,521.66
Cash to close$617,645$79,990$79,990