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$98,199$98,199$395,910
Remaining term (yrs)15.815.830.0
Secondary amount$0$297,711$0
Funding fee$491$491$0
Note rate3.680%3.680%7.400%
Blended rate3.680%6.741%7.640%
1st payment$680.08$680.08$2,741.20
2nd payment$0.00$1,922.72$0.00
Taxes / mo$170.25$170.25$170.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.18
HOA / mo$220.00$220.00$220.00
Total monthly$1,220.33$3,143.05$3,360.63
Cash to close$341,701$43,990$43,990