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$15,952$15,952$108,000
Remaining term (yrs)2.52.530.0
Secondary amount$0$92,048$0
Funding fee$80$80$0
Note rate3.710%3.710%7.400%
Blended rate3.710%8.219%7.640%
1st payment$524.33$524.33$747.77
2nd payment$0.00$690.36$0.00
Taxes / mo$14.28$14.28$14.28
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$21.60
HOA / mo$0.00$0.00$0.00
Total monthly$688.61$1,378.97$933.65
Cash to close$104,048$12,000$12,000