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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$45,169$45,169$332,910
Remaining term (yrs)4.54.530.0
Secondary amount$0$287,741$0
Funding fee$226$226$0
Note rate6.95%6.95%7.18%
Blended rate6.95%7.641%7.42%
1st payment$961.35$961.35$2,255.25
2nd payment$0.00$1,858.33$0.00
Taxes / mo$177.17$177.17$177.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,288.51$3,146.84$2,649.00
Cash to close$324,731$36,990$36,990