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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$118,865$118,865$404,549
Remaining term (yrs)27.027.030.0
Secondary amount$0$285,684$0
Funding fee$594$594$0
Note rate3.000%3.000%7.320%
Blended rate3.000%6.354%7.560%
1st payment$533.59$533.59$2,778.97
2nd payment$0.00$1,845.04$0.00
Taxes / mo$231.75$231.75$231.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.91
HOA / mo$97.00$97.00$97.00
Total monthly$1,012.34$2,857.38$3,338.63
Cash to close$330,634$44,950$44,950