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$142,788$142,788$449,910
Remaining term (yrs)16.416.430.0
Secondary amount$0$307,122$0
Funding fee$714$714$0
Note rate3.530%3.530%7.400%
Blended rate3.530%6.411%7.640%
1st payment$948.94$948.94$3,115.09
2nd payment$0.00$1,983.50$0.00
Taxes / mo$261.50$261.50$261.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,377.11$3,360.61$3,633.23
Cash to close$357,112$49,990$49,990