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$90,431$90,431$234,000
Remaining term (yrs)16.316.330.0
Secondary amount$0$143,569$0
Funding fee$452$452$0
Note rate3.380%3.380%7.400%
Blended rate3.380%6.215%7.640%
1st payment$598.74$598.74$1,620.17
2nd payment$0.00$957.13$0.00
Taxes / mo$118.00$118.00$118.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$866.74$1,823.87$1,934.97
Cash to close$169,569$26,000$26,000