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$83,361$83,361$346,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$263,139$0
Funding fee$417$417$0
Note rate3.550%3.550%7.400%
Blended rate3.550%6.740%7.640%
1st payment$416.99$416.99$2,399.10
2nd payment$0.00$1,699.44$0.00
Taxes / mo$440.66$440.66$440.66
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,007.65$2,707.08$3,059.06
Cash to close$301,639$38,500$38,500