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$53,702$53,702$283,410
Remaining term (yrs)6.26.230.0
Secondary amount$0$229,708$0
Funding fee$269$269$0
Note rate3.110%3.110%7.320%
Blended rate3.110%6.871%7.560%
1st payment$779.39$779.39$1,946.83
2nd payment$0.00$1,483.53$0.00
Taxes / mo$132.00$132.00$132.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,061.39$2,544.92$2,285.51
Cash to close$261,198$31,490$31,490