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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$184,675$184,675$540,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$355,325$0
Funding fee$923$923$0
Note rate3.550%3.550%7.320%
Blended rate3.550%6.314%7.560%
1st payment$916.33$916.33$3,709.43
2nd payment$0.00$2,294.81$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$3,755.31$4,361.60
Cash to close$415,325$60,000$60,000