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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$137,842$137,842$400,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$262,658$0
Funding fee$689$689$0
Note rate2.94%2.94%7.18%
Blended rate2.94%6.095%7.42%
1st payment$666.14$666.14$2,713.13
2nd payment$0.00$1,696.33$0.00
Taxes / mo$110.92$110.92$110.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$927.06$2,623.39$3,054.14
Cash to close$307,158$44,500$44,500