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$89,222$89,222$233,550
Remaining term (yrs)14.014.030.0
Secondary amount$0$144,328$0
Funding fee$446$446$0
Note rate4.420%4.420%7.400%
Blended rate4.420%6.632%7.640%
1st payment$710.13$710.13$1,617.05
2nd payment$0.00$962.19$0.00
Taxes / mo$106.33$106.33$106.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.71
HOA / mo$0.00$0.00$0.00
Total monthly$966.47$1,928.66$1,920.10
Cash to close$170,278$25,950$25,950