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$82,101$82,101$296,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$214,809$0
Funding fee$411$411$0
Note rate2.780%2.780%7.400%
Blended rate2.780%6.376%7.640%
1st payment$388.16$388.16$2,055.74
2nd payment$0.00$1,387.31$0.00
Taxes / mo$376.08$376.08$376.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.38
HOA / mo$29.17$29.17$29.17
Total monthly$943.41$2,330.71$2,670.38
Cash to close$247,799$32,990$32,990