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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$118,034$118,034$402,210
Remaining term (yrs)18.318.330.0
Secondary amount$0$284,176$0
Funding fee$590$590$0
Note rate3.73%3.73%7.18%
Blended rate3.73%6.57%7.42%
1st payment$739.17$739.17$2,724.71
2nd payment$0.00$1,835.31$0.00
Taxes / mo$182.00$182.00$182.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.44
HOA / mo$153.50$153.50$153.50
Total monthly$1,224.67$3,059.98$3,290.65
Cash to close$328,866$44,690$44,690