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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$115,123$115,123$396,000
Remaining term (yrs)16.116.130.0
Secondary amount$0$280,877$0
Funding fee$576$576$0
Note rate3.31%3.31%7.18%
Blended rate3.31%6.459%7.42%
1st payment$764.11$764.11$2,682.64
2nd payment$0.00$1,814.00$0.00
Taxes / mo$204.58$204.58$204.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$125.00$125.00$125.00
Total monthly$1,243.69$3,057.69$3,241.43
Cash to close$324,877$44,000$44,000