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$109,885$109,885$486,000
Remaining term (yrs)6.06.030.0
Secondary amount$0$376,115$0
Funding fee$549$549$0
Note rate3.830%3.830%7.400%
Blended rate3.830%6.864%7.640%
1st payment$1,669.54$1,669.54$3,364.97
2nd payment$0.00$2,429.08$0.00
Taxes / mo$188.83$188.83$188.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$15.00$15.00$15.00
Total monthly$2,040.04$4,469.12$3,832.67
Cash to close$430,115$54,000$54,000