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$23,850
Remaining term (yrs)28.528.530.0
Secondary amount$0$25,175$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate6.500%11.875%7.640%
1st payment$0.00$0.00$165.13
2nd payment$0.00$249.13$0.00
Taxes / mo$61.58$61.58$61.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$4.77
HOA / mo$0.00$0.00$0.00
Total monthly$211.58$460.71$381.49
Cash to close$26,500$1,325$2,650