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$0$0$52,110
Remaining term (yrs)——30.0
Secondary amount$0$52,110$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.000%9.000%7.640%
1st payment$0.00$0.00$360.80
2nd payment$0.00$390.83$0.00
Taxes / mo$6.48$6.48$6.48
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$10.42
HOA / mo$195.00$195.00$195.00
Total monthly$351.48$742.31$722.70
Cash to close$57,900$5,790$5,790