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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$184,305$184,305$540,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$355,695$0
Funding fee$922$922$0
Note rate3.55%3.55%7.18%
Blended rate3.55%6.317%7.42%
1st payment$916.33$916.33$3,658.15
2nd payment$0.00$2,297.20$0.00
Taxes / mo$232.83$232.83$232.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$144.67$144.67$144.67
Total monthly$1,460.50$3,757.70$4,310.32
Cash to close$415,695$60,000$60,000