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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$122,686$122,686$337,050
Remaining term (yrs)20.720.730.0
Secondary amount$0$214,364$0
Funding fee$613$613$0
Note rate3.96%3.96%7.18%
Blended rate3.96%6.37%7.42%
1st payment$721.46$721.46$2,283.29
2nd payment$0.00$1,384.44$0.00
Taxes / mo$116.50$116.50$116.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.41
HOA / mo$135.00$135.00$135.00
Total monthly$1,122.96$2,507.40$2,752.20
Cash to close$251,814$37,450$37,450