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$170,539$170,539$782,100
Remaining term (yrs)16.116.130.0
Secondary amount$0$611,561$0
Funding fee$853$853$0
Note rate3.55%3.55%7.18%
Blended rate3.55%6.834%7.42%
1st payment$1,152.19$1,152.19$5,298.22
2nd payment$0.00$3,949.66$0.00
Taxes / mo$382.25$382.25$382.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$156.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,751.11$5,700.77$6,053.55
Cash to close$698,461$86,900$86,900