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$173,048$173,048$467,991
Remaining term (yrs)18.518.530.0
Secondary amount$0$294,943$0
Funding fee$865$865$0
Note rate3.18%3.18%7.18%
Blended rate3.18%6.06%7.42%
1st payment$1,028.74$1,028.74$3,170.33
2nd payment$0.00$1,904.84$0.00
Taxes / mo$155.75$155.75$155.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$106.00$106.00$106.00
Total monthly$1,457.16$3,362.00$3,692.35
Cash to close$346,942$51,999$51,999