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$110,024$110,024$611,910
Remaining term (yrs)4.04.030.0
Secondary amount$0$501,886$0
Funding fee$550$550$0
Note rate3.970%3.970%7.400%
Blended rate3.970%7.070%7.640%
1st payment$2,436.01$2,436.01$4,236.74
2nd payment$0.00$3,241.35$0.00
Taxes / mo$566.58$566.58$566.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$122.38
HOA / mo$105.00$105.00$105.00
Total monthly$3,274.26$6,515.61$5,197.37
Cash to close$569,876$67,990$67,990