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$52,781$52,781$211,410
Remaining term (yrs)17.017.030.0
Secondary amount$0$158,629$0
Funding fee$264$264$0
Note rate4.320%4.320%7.400%
Blended rate4.320%7.081%7.640%
1st payment$363.30$363.30$1,463.76
2nd payment$0.00$1,057.53$0.00
Taxes / mo$60.33$60.33$60.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.28
HOA / mo$0.00$0.00$0.00
Total monthly$573.63$1,631.16$1,716.38
Cash to close$182,119$23,490$23,490