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$137,781$137,781$433,797
Remaining term (yrs)23.423.430.0
Secondary amount$0$296,016$0
Funding fee$689$689$0
Note rate3.600%3.600%7.400%
Blended rate3.600%6.432%7.640%
1st payment$724.75$724.75$3,003.52
2nd payment$0.00$1,911.77$0.00
Taxes / mo$243.67$243.67$243.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.76
HOA / mo$0.00$0.00$0.00
Total monthly$1,135.08$3,046.85$3,500.62
Cash to close$344,216$48,200$48,200