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$73,754$73,754$179,999
Remaining term (yrs)23.123.130.0
Secondary amount$0$106,245$0
Funding fee$369$369$0
Note rate3.570%3.570%7.400%
Blended rate3.570%6.185%7.640%
1st payment$389.44$389.44$1,246.28
2nd payment$0.00$708.30$0.00
Taxes / mo$166.67$166.67$166.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$706.10$1,414.40$1,598.94
Cash to close$126,245$20,000$20,000