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$114,315$114,315$346,410
Remaining term (yrs)16.616.630.0
Secondary amount$0$232,095$0
Funding fee$572$572$0
Note rate3.570%3.570%7.400%
Blended rate3.570%6.371%7.640%
1st payment$756.45$756.45$2,398.47
2nd payment$0.00$1,498.94$0.00
Taxes / mo$91.24$91.24$91.24
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.28
HOA / mo$0.00$0.00$0.00
Total monthly$997.69$2,496.63$2,709.00
Cash to close$270,585$38,490$38,490