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$93,092$93,092$323,910
Remaining term (yrs)20.920.930.0
Secondary amount$0$230,818$0
Funding fee$465$465$0
Note rate3.78%3.78%7.18%
Blended rate3.78%6.609%7.42%
1st payment$535.78$535.78$2,194.28
2nd payment$0.00$1,490.70$0.00
Taxes / mo$115.67$115.67$115.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.78
HOA / mo$51.00$51.00$51.00
Total monthly$852.45$2,343.15$2,575.73
Cash to close$266,808$35,990$35,990