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$173,838$173,838$539,100
Remaining term (yrs)12.312.330.0
Secondary amount$0$365,262$0
Funding fee$869$869$0
Note rate5.05%5.05%7.18%
Blended rate5.05%6.879%7.42%
1st payment$1,572.83$1,572.83$3,652.05
2nd payment$0.00$2,358.99$0.00
Taxes / mo$254.25$254.25$254.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.82
HOA / mo$100.00$100.00$100.00
Total monthly$2,093.75$4,452.73$4,280.79
Cash to close$425,162$59,900$59,900