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$138,170$138,170$400,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$262,330$0
Funding fee$691$691$0
Note rate2.940%2.940%7.400%
Blended rate2.940%6.091%7.640%
1st payment$666.14$666.14$2,772.98
2nd payment$0.00$1,694.22$0.00
Taxes / mo$110.92$110.92$110.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$927.06$2,621.27$3,114.00
Cash to close$306,830$44,500$44,500