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$72,000
Remaining term (yrs)——30.0
Secondary amount$0$72,000$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$498.51
2nd payment$0.00$540.00$0.00
Taxes / mo$104.75$104.75$104.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$14.40
HOA / mo$0.00$0.00$0.00
Total monthly$254.75$794.75$767.66
Cash to close$80,000$8,000$8,000