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$169,439$169,439$436,500
Remaining term (yrs)19.019.030.0
Secondary amount$0$267,061$0
Funding fee$847$847$0
Note rate3.890%3.890%7.400%
Blended rate3.890%6.252%7.640%
1st payment$1,046.28$1,046.28$3,022.24
2nd payment$0.00$1,724.77$0.00
Taxes / mo$170.83$170.83$170.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,383.78$3,108.55$3,447.04
Cash to close$315,561$48,500$48,500