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$93,365$93,365$378,000
Remaining term (yrs)15.115.130.0
Secondary amount$0$284,635$0
Funding fee$467$467$0
Note rate3.99%3.99%7.18%
Blended rate3.99%6.821%7.42%
1st payment$681.88$681.88$2,560.70
2nd payment$0.00$1,838.27$0.00
Taxes / mo$118.67$118.67$118.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$74.00$74.00$74.00
Total monthly$1,024.55$2,862.81$2,978.97
Cash to close$326,635$42,000$42,000