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$84,851$84,851$247,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$162,649$0
Funding fee$424$424$0
Note rate3.310%3.310%7.400%
Blended rate3.310%6.392%7.640%
1st payment$438.51$438.51$1,713.64
2nd payment$0.00$1,084.33$0.00
Taxes / mo$118.25$118.25$118.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$706.76$1,791.08$2,031.39
Cash to close$190,149$27,500$27,500