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$121,986$121,986$202,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$80,424$0
Funding fee$610$610$0
Note rate2.730%2.730%7.400%
Blended rate2.730%5.221%7.640%
1st payment$569.49$569.49$1,401.45
2nd payment$0.00$603.18$0.00
Taxes / mo$511.17$511.17$511.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$40.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,230.66$1,833.84$2,103.10
Cash to close$102,914$22,490$22,490