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$0$0$76,500
Remaining term (yrs)——30.0
Secondary amount$0$76,500$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate3.500%9.000%7.640%
1st payment$0.00$0.00$529.67
2nd payment$0.00$573.75$0.00
Taxes / mo$8.92$8.92$8.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$15.30
HOA / mo$0.00$0.00$0.00
Total monthly$158.92$732.67$703.89
Cash to close$85,000$8,500$8,500