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$98,041$98,041$791,999
Remaining term (yrs)17.717.730.0
Secondary amount$0$693,958$0
Funding fee$490$490$0
Note rate4.190%4.190%7.400%
Blended rate4.190%7.309%7.640%
1st payment$651.18$651.18$5,483.64
2nd payment$0.00$4,481.82$0.00
Taxes / mo$335.17$335.17$335.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$158.40
HOA / mo$264.00$264.00$264.00
Total monthly$1,467.01$5,948.83$6,457.87
Cash to close$781,958$88,000$88,000