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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$127,405$127,405$324,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$196,595$0
Funding fee$637$637$0
Note rate3.45%3.45%7.18%
Blended rate3.45%6.211%7.42%
1st payment$627.86$627.86$2,194.89
2nd payment$0.00$1,310.63$0.00
Taxes / mo$208.25$208.25$208.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$70.00$70.00$70.00
Total monthly$1,056.11$2,366.74$2,687.94
Cash to close$232,595$36,000$36,000