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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$89,497$89,497$346,500
Remaining term (yrs)16.316.330.0
Secondary amount$0$257,003$0
Funding fee$447$447$0
Note rate3.4%3.4%7.18%
Blended rate3.4%6.626%7.42%
1st payment$593.45$593.45$2,347.31
2nd payment$0.00$1,659.81$0.00
Taxes / mo$155.42$155.42$155.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$30.00$30.00$30.00
Total monthly$928.87$2,588.68$2,752.03
Cash to close$295,503$38,500$38,500