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$204,765$204,765$652,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$447,735$0
Funding fee$1,024$1,024$0
Note rate3.000%3.000%7.400%
Blended rate3.000%6.259%7.640%
1st payment$968.85$968.85$4,517.78
2nd payment$0.00$2,891.62$0.00
Taxes / mo$515.00$515.00$515.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$10.00$10.00$10.00
Total monthly$1,710.52$4,602.14$5,389.94
Cash to close$520,235$72,500$72,500