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$121,742$121,742$382,500
Remaining term (yrs)15.815.830.0
Secondary amount$0$260,758$0
Funding fee$609$609$0
Note rate3.660%3.660%7.400%
Blended rate3.660%6.448%7.640%
1st payment$841.92$841.92$2,648.35
2nd payment$0.00$1,684.06$0.00
Taxes / mo$660.17$660.17$660.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$603.00$603.00$603.00
Total monthly$2,255.08$3,939.15$4,138.02
Cash to close$303,258$42,500$42,500