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$194,693$194,693$463,500
Remaining term (yrs)17.817.830.0
Secondary amount$0$268,807$0
Funding fee$973$973$0
Note rate3.130%3.130%7.400%
Blended rate3.130%5.809%7.640%
1st payment$1,184.22$1,184.22$3,209.18
2nd payment$0.00$1,736.05$0.00
Taxes / mo$277.58$277.58$277.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$110.00$110.00$110.00
Total monthly$1,738.47$3,474.51$3,856.13
Cash to close$320,307$51,500$51,500