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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$113,361$113,361$359,100
Remaining term (yrs)18.818.830.0
Secondary amount$0$245,739$0
Funding fee$567$567$0
Note rate3.98%3.98%7.18%
Blended rate3.98%6.56%7.42%
1st payment$711.54$711.54$2,432.67
2nd payment$0.00$1,587.06$0.00
Taxes / mo$87.67$87.67$87.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$67.00$67.00$67.00
Total monthly$1,016.20$2,603.27$2,809.16
Cash to close$285,639$39,900$39,900