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$89,623$89,623$247,500
Remaining term (yrs)19.919.930.0
Secondary amount$0$157,877$0
Funding fee$448$448$0
Note rate3.430%3.430%7.400%
Blended rate3.430%6.345%7.640%
1st payment$516.56$516.56$1,713.64
2nd payment$0.00$1,052.51$0.00
Taxes / mo$125.83$125.83$125.83
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$792.39$1,844.91$2,038.97
Cash to close$185,377$27,500$27,500