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$107,537$107,537$373,500
Remaining term (yrs)15.615.630.0
Secondary amount$0$265,963$0
Funding fee$538$538$0
Note rate3.880%3.880%7.400%
Blended rate3.880%6.636%7.640%
1st payment$761.32$761.32$2,586.04
2nd payment$0.00$1,717.68$0.00
Taxes / mo$107.33$107.33$107.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$94.00$94.00$94.00
Total monthly$1,112.65$2,830.33$3,012.07
Cash to close$307,463$41,500$41,500