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$90,085$90,085$301,500
Remaining term (yrs)14.014.030.0
Secondary amount$0$211,415$0
Funding fee$450$450$0
Note rate2.390%2.390%7.400%
Blended rate2.390%6.148%7.640%
1st payment$625.20$625.20$2,087.53
2nd payment$0.00$1,365.39$0.00
Taxes / mo$185.67$185.67$185.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$61.00$61.00$61.00
Total monthly$1,021.86$2,387.25$2,544.49
Cash to close$244,915$33,500$33,500