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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$71,117$71,117$612,000
Remaining term (yrs)15.715.730.0
Secondary amount$0$540,883$0
Funding fee$356$356$0
Note rate3.75%3.75%7.18%
Blended rate3.75%7.285%7.42%
1st payment$496.92$496.92$4,145.90
2nd payment$0.00$3,493.20$0.00
Taxes / mo$291.00$291.00$291.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$122.40
HOA / mo$213.33$213.33$213.33
Total monthly$1,167.92$4,661.12$4,939.30
Cash to close$608,883$68,000$68,000