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$126,057$126,057$405,000
Remaining term (yrs)18.218.230.0
Secondary amount$0$278,943$0
Funding fee$630$630$0
Note rate4.000%4.000%7.400%
Blended rate4.000%6.583%7.640%
1st payment$809.45$809.45$2,804.14
2nd payment$0.00$1,801.50$0.00
Taxes / mo$194.58$194.58$194.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$74.00$74.00$74.00
Total monthly$1,228.03$3,029.54$3,303.72
Cash to close$323,943$45,000$45,000