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$123,962$123,962$301,500
Remaining term (yrs)20.020.030.0
Secondary amount$0$177,538$0
Funding fee$620$620$0
Note rate3.460%3.460%7.400%
Blended rate3.460%6.133%7.640%
1st payment$712.28$712.28$2,087.53
2nd payment$0.00$1,183.59$0.00
Taxes / mo$147.25$147.25$147.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$46.33$46.33$46.33
Total monthly$1,055.86$2,239.44$2,491.41
Cash to close$211,038$33,500$33,500