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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$119,033$119,033$458,100
Remaining term (yrs)21.421.430.0
Secondary amount$0$339,067$0
Funding fee$595$595$0
Note rate4.33%4.33%7.18%
Blended rate4.33%6.861%7.42%
1st payment$709.75$709.75$3,103.33
2nd payment$0.00$2,189.81$0.00
Taxes / mo$317.25$317.25$317.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.62
HOA / mo$180.00$180.00$180.00
Total monthly$1,373.66$3,563.47$3,858.87
Cash to close$389,967$50,900$50,900