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$125,177$125,177$495,000
Remaining term (yrs)15.715.730.0
Secondary amount$0$369,823$0
Funding fee$626$626$0
Note rate3.78%3.78%7.18%
Blended rate3.78%6.746%7.42%
1st payment$876.53$876.53$3,353.30
2nd payment$0.00$2,388.44$0.00
Taxes / mo$184.92$184.92$184.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$97.00$97.00$97.00
Total monthly$1,325.12$3,713.56$3,900.89
Cash to close$424,823$55,000$55,000