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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$144,350$144,350$346,500
Remaining term (yrs)21.021.030.0
Secondary amount$0$202,150$0
Funding fee$722$722$0
Note rate3.83%3.83%7.18%
Blended rate3.83%6.117%7.42%
1st payment$832.45$832.45$2,347.31
2nd payment$0.00$1,305.55$0.00
Taxes / mo$125.83$125.83$125.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,108.28$2,413.83$2,692.45
Cash to close$240,650$38,500$38,500