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$185,800$185,800$400,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$214,700$0
Funding fee$929$929$0
Note rate3.450%3.450%7.400%
Blended rate3.450%5.755%7.640%
1st payment$955.97$955.97$2,772.98
2nd payment$0.00$1,386.61$0.00
Taxes / mo$116.58$116.58$116.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,222.56$2,609.16$3,119.66
Cash to close$259,200$44,500$44,500