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$114,304$114,304$332,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$217,796$0
Funding fee$572$572$0
Note rate2.830%2.830%7.400%
Blended rate2.830%6.057%7.640%
1st payment$542.03$542.03$2,299.39
2nd payment$0.00$1,406.60$0.00
Taxes / mo$78.83$78.83$78.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$770.86$2,177.46$2,594.65
Cash to close$254,696$36,900$36,900