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$64,737$64,737$377,910
Remaining term (yrs)6.56.530.0
Secondary amount$0$313,173$0
Funding fee$324$324$0
Note rate5.870%5.870%7.400%
Blended rate5.870%7.428%7.640%
1st payment$979.81$979.81$2,616.57
2nd payment$0.00$2,022.57$0.00
Taxes / mo$224.58$224.58$224.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,354.39$3,376.96$3,066.74
Cash to close$355,163$41,990$41,990