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$59,593$59,593$180,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$120,407$0
Funding fee$298$298$0
Note rate3.480%3.480%7.400%
Blended rate3.480%6.504%7.640%
1st payment$344.01$344.01$1,246.28
2nd payment$0.00$802.72$0.00
Taxes / mo$45.58$45.58$45.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$539.59$1,342.31$1,477.87
Cash to close$140,407$20,000$20,000