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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$115,569$115,569$405,000
Remaining term (yrs)16.216.230.0
Secondary amount$0$289,431$0
Funding fee$578$578$0
Note rate3.310%3.310%7.400%
Blended rate3.310%6.483%7.640%
1st payment$764.11$764.11$2,804.14
2nd payment$0.00$1,869.24$0.00
Taxes / mo$204.58$204.58$204.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$125.00$125.00$125.00
Total monthly$1,243.69$3,112.94$3,364.72
Cash to close$334,431$45,000$45,000