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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$168,942$168,942$427,500
Remaining term (yrs)19.019.030.0
Secondary amount$0$258,558$0
Funding fee$845$845$0
Note rate3.89%3.89%7.18%
Blended rate3.89%6.225%7.42%
1st payment$1,046.28$1,046.28$2,896.03
2nd payment$0.00$1,669.85$0.00
Taxes / mo$170.83$170.83$170.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,383.78$3,053.63$3,319.03
Cash to close$306,058$47,500$47,500