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$130,500
Remaining term (yrs)16.516.530.0
Secondary amount$0$130,500$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.000%8.000%7.640%
1st payment$0.00$0.00$903.56
2nd payment$0.00$870.00$0.00
Taxes / mo$117.82$117.82$117.82
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$26.10
HOA / mo$240.00$240.00$240.00
Total monthly$507.82$1,377.82$1,437.47
Cash to close$145,000$14,500$14,500