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$93,773$93,773$264,600
Remaining term (yrs)18.618.630.0
Secondary amount$0$170,827$0
Funding fee$469$469$0
Note rate3.84%3.84%7.18%
Blended rate3.84%6.526%7.42%
1st payment$585.30$585.30$1,792.49
2nd payment$0.00$1,138.84$0.00
Taxes / mo$90.42$90.42$90.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.92
HOA / mo$0.00$0.00$0.00
Total monthly$825.71$1,964.56$2,085.83
Cash to close$200,227$29,400$29,400