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$114,946$114,946$386,910
Remaining term (yrs)8.98.930.0
Secondary amount$0$271,964$0
Funding fee$575$575$0
Note rate5.500%5.500%7.400%
Blended rate5.500%7.082%7.640%
1st payment$1,351.76$1,351.76$2,678.89
2nd payment$0.00$1,756.43$0.00
Taxes / mo$133.50$133.50$133.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.38
HOA / mo$55.00$55.00$55.00
Total monthly$1,690.26$3,446.70$3,094.77
Cash to close$314,954$42,990$42,990