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$57,251$57,251$233,910
Remaining term (yrs)23.023.030.0
Secondary amount$0$176,659$0
Funding fee$286$286$0
Note rate3.600%3.600%7.400%
Blended rate3.600%6.923%7.640%
1st payment$304.61$304.61$1,619.55
2nd payment$0.00$1,177.72$0.00
Taxes / mo$303.33$303.33$303.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$757.95$1,935.67$2,119.66
Cash to close$202,649$25,990$25,990