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$83,011$83,011$332,100
Remaining term (yrs)12.412.430.0
Secondary amount$0$249,089$0
Funding fee$415$415$0
Note rate5.210%5.210%7.400%
Blended rate5.210%7.115%7.640%
1st payment$754.19$754.19$2,299.39
2nd payment$0.00$1,608.70$0.00
Taxes / mo$183.33$183.33$183.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,087.52$2,696.22$2,699.15
Cash to close$285,989$36,900$36,900