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$58,032$58,032$125,999
Remaining term (yrs)14.014.030.0
Secondary amount$0$67,967$0
Funding fee$290$290$0
Note rate2.800%2.800%7.400%
Blended rate2.800%6.144%7.640%
1st payment$413.93$413.93$872.39
2nd payment$0.00$509.75$0.00
Taxes / mo$22.42$22.42$22.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$25.20
HOA / mo$0.00$0.00$0.00
Total monthly$586.35$1,096.10$1,070.01
Cash to close$81,967$14,000$14,000