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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$107,123$107,123$359,999
Remaining term (yrs)15.615.630.0
Secondary amount$0$252,876$0
Funding fee$536$536$0
Note rate3.88%3.88%7.18%
Blended rate3.88%6.598%7.42%
1st payment$761.32$761.32$2,438.76
2nd payment$0.00$1,633.16$0.00
Taxes / mo$107.33$107.33$107.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$94.00$94.00$94.00
Total monthly$1,112.65$2,745.81$2,862.09
Cash to close$292,876$40,000$40,000