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$124,530$124,530$386,910
Remaining term (yrs)13.013.030.0
Secondary amount$0$262,380$0
Funding fee$623$623$0
Note rate4.940%4.940%7.400%
Blended rate4.940%6.846%7.640%
1st payment$1,073.65$1,073.65$2,678.89
2nd payment$0.00$1,694.54$0.00
Taxes / mo$293.25$293.25$293.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.38
HOA / mo$225.00$225.00$225.00
Total monthly$1,741.90$3,436.43$3,424.52
Cash to close$305,370$42,990$42,990