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$122,314$122,314$391,410
Remaining term (yrs)14.014.030.0
Secondary amount$0$269,096$0
Funding fee$612$612$0
Note rate2.900%2.900%7.400%
Blended rate2.900%6.234%7.640%
1st payment$878.24$878.24$2,710.04
2nd payment$0.00$1,737.91$0.00
Taxes / mo$173.33$173.33$173.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.28
HOA / mo$3.83$3.83$3.83
Total monthly$1,205.40$2,943.31$3,115.49
Cash to close$312,586$43,490$43,490