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$98,856$98,856$269,910
Remaining term (yrs)15.615.630.0
Secondary amount$0$171,054$0
Funding fee$494$494$0
Note rate3.78%3.78%7.18%
Blended rate3.78%6.454%7.42%
1st payment$694.91$694.91$1,828.46
2nd payment$0.00$1,140.36$0.00
Taxes / mo$274.83$274.83$274.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.98
HOA / mo$242.00$242.00$242.00
Total monthly$1,361.74$2,502.10$2,549.28
Cash to close$201,044$29,990$29,990