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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$107,848$107,848$562,500
Remaining term (yrs)5.25.230.0
Secondary amount$0$454,652$0
Funding fee$539$539$0
Note rate3.25%3.25%7.18%
Blended rate3.25%6.887%7.42%
1st payment$1,837.67$1,837.67$3,810.57
2nd payment$0.00$2,936.29$0.00
Taxes / mo$206.08$206.08$206.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$43.33$43.33$43.33
Total monthly$2,253.75$5,190.04$4,339.15
Cash to close$517,152$62,500$62,500