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$129,064$129,064$513,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$383,936$0
Funding fee$645$645$0
Note rate2.900%2.900%7.400%
Blended rate2.900%6.530%7.640%
1st payment$608.11$608.11$3,551.91
2nd payment$0.00$2,479.59$0.00
Taxes / mo$99.88$99.88$99.88
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.60
HOA / mo$0.00$0.00$0.00
Total monthly$874.66$3,354.25$3,921.06
Cash to close$440,936$57,000$57,000