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$88,760$88,760$359,910
Remaining term (yrs)13.113.130.0
Secondary amount$0$271,150$0
Funding fee$444$444$0
Note rate5.53%5.53%7.18%
Blended rate5.53%7.203%7.42%
1st payment$792.13$792.13$2,438.16
2nd payment$0.00$1,751.18$0.00
Taxes / mo$58.17$58.17$58.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,000.30$2,751.47$2,718.30
Cash to close$311,140$39,990$39,990