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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$180,846$180,846$733,500
Remaining term (yrs)16.516.530.0
Secondary amount$0$552,654$0
Funding fee$904$904$0
Note rate3.51%3.51%7.18%
Blended rate3.51%6.705%7.42%
1st payment$1,200.07$1,200.07$4,968.98
2nd payment$0.00$3,569.22$0.00
Taxes / mo$247.75$247.75$247.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$146.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,664.48$5,233.71$5,580.10
Cash to close$634,154$81,500$81,500