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$114,699$114,699$242,910
Remaining term (yrs)14.014.030.0
Secondary amount$0$128,211$0
Funding fee$573$573$0
Note rate4.420%4.420%7.400%
Blended rate4.420%6.310%7.640%
1st payment$912.91$912.91$1,681.86
2nd payment$0.00$854.74$0.00
Taxes / mo$224.92$224.92$224.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,287.83$2,142.57$2,105.36
Cash to close$155,201$26,990$26,990