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$78,073$78,073$292,410
Remaining term (yrs)6.46.430.0
Secondary amount$0$214,337$0
Funding fee$390$390$0
Note rate5.880%5.880%7.400%
Blended rate5.880%7.251%7.640%
1st payment$1,206.80$1,206.80$2,024.59
2nd payment$0.00$1,384.26$0.00
Taxes / mo$270.75$270.75$270.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.48
HOA / mo$16.67$16.67$16.67
Total monthly$1,644.22$3,028.47$2,520.49
Cash to close$246,827$32,490$32,490