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$126,378$126,378$292,500
Remaining term (yrs)14.114.130.0
Secondary amount$0$166,122$0
Funding fee$632$632$0
Note rate4.230%4.230%7.400%
Blended rate4.230%6.371%7.640%
1st payment$985.30$985.30$2,025.21
2nd payment$0.00$1,107.48$0.00
Taxes / mo$101.56$101.56$101.56
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$74.00$74.00$74.00
Total monthly$1,310.86$2,418.34$2,409.27
Cash to close$198,622$32,500$32,500