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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$103,922$103,922$405,000
Remaining term (yrs)15.315.330.0
Secondary amount$0$301,078$0
Funding fee$520$520$0
Note rate3.98%3.98%7.18%
Blended rate3.98%6.783%7.42%
1st payment$752.50$752.50$2,743.61
2nd payment$0.00$1,944.46$0.00
Taxes / mo$179.92$179.92$179.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$77.17$77.17$77.17
Total monthly$1,159.58$3,104.04$3,231.70
Cash to close$346,078$45,000$45,000