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$129,212$129,212$517,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$388,288$0
Funding fee$646$646$0
Note rate3.750%3.750%7.400%
Blended rate3.750%6.751%7.640%
1st payment$694.67$694.67$3,583.07
2nd payment$0.00$2,507.69$0.00
Taxes / mo$21.00$21.00$21.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$116.00$116.00$116.00
Total monthly$998.34$3,506.03$3,990.23
Cash to close$445,788$57,500$57,500