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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$104,204$104,204$523,791
Remaining term (yrs)11.811.830.0
Secondary amount$0$419,587$0
Funding fee$521$521$0
Note rate5%5%7.18%
Blended rate5%7.203%7.42%
1st payment$968.69$968.69$3,548.34
2nd payment$0.00$2,709.83$0.00
Taxes / mo$136.17$136.17$136.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.76
HOA / mo$112.00$112.00$112.00
Total monthly$1,383.53$4,093.36$4,067.93
Cash to close$477,786$58,199$58,199