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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$194,016$194,016$463,500
Remaining term (yrs)17.717.730.0
Secondary amount$0$269,484$0
Funding fee$970$970$0
Note rate3.13%3.13%7.18%
Blended rate3.13%5.816%7.42%
1st payment$1,184.22$1,184.22$3,139.91
2nd payment$0.00$1,740.42$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$3,478.88$3,786.86
Cash to close$320,984$51,500$51,500