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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$77,109$77,109$233,910
Remaining term (yrs)18.718.730.0
Secondary amount$0$156,801$0
Funding fee$386$386$0
Note rate3.980%3.980%7.400%
Blended rate3.980%6.675%7.640%
1st payment$485.43$485.43$1,619.55
2nd payment$0.00$1,045.34$0.00
Taxes / mo$94.42$94.42$94.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$729.85$1,775.19$1,910.74
Cash to close$182,791$25,990$25,990