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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$143,479$143,479$359,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$215,621$0
Funding fee$717$717$0
Note rate3.06%3.06%7.18%
Blended rate3.06%5.876%7.42%
1st payment$689.49$689.49$2,432.67
2nd payment$0.00$1,392.55$0.00
Taxes / mo$290.42$290.42$290.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$80.00$80.00$80.00
Total monthly$1,209.91$2,602.46$3,024.91
Cash to close$255,521$39,900$39,900