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$60,494$60,494$261,000
Remaining term (yrs)9.89.830.0
Secondary amount$0$200,506$0
Funding fee$302$302$0
Note rate3.410%3.410%7.400%
Blended rate3.410%6.744%7.640%
1st payment$599.86$599.86$1,807.11
2nd payment$0.00$1,294.93$0.00
Taxes / mo$180.17$180.17$180.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$930.02$2,224.96$2,189.48
Cash to close$229,506$29,000$29,000