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$73,217$73,217$153,900
Remaining term (yrs)17.017.030.0
Secondary amount$0$80,683$0
Funding fee$366$366$0
Note rate4.510%4.510%7.400%
Blended rate4.510%6.864%7.640%
1st payment$512.87$512.87$1,065.57
2nd payment$0.00$605.12$0.00
Taxes / mo$142.50$142.50$142.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$30.78
HOA / mo$0.00$0.00$0.00
Total monthly$805.37$1,410.50$1,388.85
Cash to close$97,783$17,100$17,100