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$120,645$120,645$377,910
Remaining term (yrs)11.011.030.0
Secondary amount$0$257,265$0
Funding fee$603$603$0
Note rate6.270%6.270%7.400%
Blended rate6.270%7.278%7.640%
1st payment$1,254.26$1,254.26$2,616.57
2nd payment$0.00$1,661.50$0.00
Taxes / mo$412.58$412.58$412.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.58
HOA / mo$15.00$15.00$15.00
Total monthly$1,831.85$3,493.35$3,269.74
Cash to close$299,255$41,990$41,990