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$99,247$99,247$468,000
Remaining term (yrs)20.120.130.0
Secondary amount$0$368,753$0
Funding fee$496$496$0
Note rate3.520%3.520%7.400%
Blended rate3.520%6.853%7.640%
1st payment$571.71$571.71$3,240.34
2nd payment$0.00$2,381.53$0.00
Taxes / mo$433.33$433.33$433.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$568.00$568.00$568.00
Total monthly$1,739.71$4,121.24$4,501.94
Cash to close$420,753$52,000$52,000