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$146,611$146,611$441,000
Remaining term (yrs)10.610.630.0
Secondary amount$0$294,389$0
Funding fee$733$733$0
Note rate8.099%8.099%7.400%
Blended rate8.099%7.866%7.640%
1st payment$1,705.77$1,705.77$3,053.39
2nd payment$0.00$1,901.26$0.00
Taxes / mo$408.33$408.33$408.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.20
HOA / mo$340.00$340.00$340.00
Total monthly$2,620.77$4,522.03$4,056.59
Cash to close$343,389$49,000$49,000