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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$83,131$83,131$319,500
Remaining term (yrs)18.618.630.0
Secondary amount$0$236,369$0
Funding fee$416$416$0
Note rate3.67%3.67%7.18%
Blended rate3.67%6.688%7.42%
1st payment$513.19$513.19$2,164.40
2nd payment$0.00$1,526.55$0.00
Taxes / mo$148.33$148.33$148.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$811.53$2,338.07$2,526.64
Cash to close$271,869$35,500$35,500