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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$138,140$138,140$400,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$262,360$0
Funding fee$691$691$0
Note rate2.930%2.930%7.320%
Blended rate2.930%6.087%7.560%
1st payment$665.29$665.29$2,751.16
2nd payment$0.00$1,694.41$0.00
Taxes / mo$110.92$110.92$110.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$926.20$2,620.61$3,092.17
Cash to close$306,860$44,500$44,500