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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$120,602$120,602$333,000
Remaining term (yrs)16.716.730.0
Secondary amount$0$212,398$0
Funding fee$603$603$0
Note rate4.07%4.07%7.18%
Blended rate4.07%6.417%7.42%
1st payment$825.70$825.70$2,255.86
2nd payment$0.00$1,371.74$0.00
Taxes / mo$142.00$142.00$142.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,117.70$2,489.44$2,614.46
Cash to close$249,398$37,000$37,000