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$85,987$85,987$233,910
Remaining term (yrs)15.815.830.0
Secondary amount$0$147,923$0
Funding fee$430$430$0
Note rate3.710%3.710%7.400%
Blended rate3.710%6.423%7.640%
1st payment$596.80$596.80$1,619.55
2nd payment$0.00$986.15$0.00
Taxes / mo$216.58$216.58$216.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.78
HOA / mo$25.00$25.00$25.00
Total monthly$988.38$1,974.53$2,057.91
Cash to close$173,913$25,990$25,990