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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$128,900$128,900$360,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$231,100$0
Funding fee$654$654$0
Note rate2.625%2.625%7.400%
Blended rate2.625%5.899%7.640%
1st payment$596.05$596.05$2,492.57
2nd payment$0.00$1,492.52$0.00
Taxes / mo$92.17$92.17$92.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$75.00$75.00$75.00
Total monthly$913.22$2,405.74$2,881.73
Cash to close$271,100$40,000$40,000