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$100,694$100,694$458,910
Remaining term (yrs)16.816.830.0
Secondary amount$0$358,216$0
Funding fee$503$503$0
Note rate3.540%3.540%7.400%
Blended rate3.540%6.826%7.640%
1st payment$660.00$660.00$3,177.40
2nd payment$0.00$2,313.48$0.00
Taxes / mo$424.92$424.92$424.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.78
HOA / mo$555.00$555.00$555.00
Total monthly$1,806.58$4,120.06$4,415.77
Cash to close$409,206$50,990$50,990