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$103,327$103,327$185,400
Remaining term (yrs)21.321.330.0
Secondary amount$0$82,073$0
Funding fee$517$517$0
Note rate3.99%3.99%7.18%
Blended rate3.99%6.208%7.42%
1st payment$598.63$598.63$1,255.96
2nd payment$0.00$615.55$0.00
Taxes / mo$46.83$46.83$46.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$37.08
HOA / mo$220.00$220.00$220.00
Total monthly$1,015.47$1,631.01$1,709.88
Cash to close$102,673$20,600$20,600