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$117,053$117,053$449,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$332,047$0
Funding fee$585$585$0
Note rate2.720%2.720%7.400%
Blended rate2.720%6.439%7.640%
1st payment$548.49$548.49$3,109.48
2nd payment$0.00$2,144.47$0.00
Taxes / mo$173.83$173.83$173.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.82
HOA / mo$27.67$27.67$27.67
Total monthly$916.66$3,061.13$3,567.47
Cash to close$381,947$49,900$49,900