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$93,872$93,872$746,100
Remaining term (yrs)19.919.930.0
Secondary amount$0$652,228$0
Funding fee$469$469$0
Note rate3.440%3.440%7.400%
Blended rate3.440%7.208%7.640%
1st payment$541.53$541.53$5,165.85
2nd payment$0.00$4,212.31$0.00
Taxes / mo$323.79$323.79$323.79
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$149.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,081.98$5,294.29$5,855.52
Cash to close$735,128$82,900$82,900