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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$123,607$123,607$301,500
Remaining term (yrs)20.020.030.0
Secondary amount$0$177,893$0
Funding fee$618$618$0
Note rate3.46%3.46%7.18%
Blended rate3.46%6.139%7.42%
1st payment$712.28$712.28$2,042.47
2nd payment$0.00$1,185.95$0.00
Taxes / mo$147.25$147.25$147.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$46.33$46.33$46.33
Total monthly$1,055.86$2,241.81$2,446.35
Cash to close$211,393$33,500$33,500