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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$166,403$166,403$553,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$387,097$0
Funding fee$832$832$0
Note rate2.89%2.89%7.18%
Blended rate2.89%6.289%7.42%
1st payment$799.89$799.89$3,749.60
2nd payment$0.00$2,500.00$0.00
Taxes / mo$237.14$237.14$237.14
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,203.70$3,703.70$4,264.11
Cash to close$448,597$61,500$61,500