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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$122,079$122,079$584,910
Remaining term (yrs)6.66.630.0
Secondary amount$0$462,831$0
Funding fee$610$610$0
Note rate2.66%2.66%7.18%
Blended rate2.66%6.688%7.42%
1st payment$1,666.97$1,666.97$3,962.38
2nd payment$0.00$2,989.12$0.00
Taxes / mo$324.58$324.58$324.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$4.33$4.33$4.33
Total monthly$2,162.55$5,151.67$4,574.95
Cash to close$527,821$64,990$64,990