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$111,643$111,643$130,950
Remaining term (yrs)23.723.730.0
Secondary amount$0$26,582$0
Funding fee$558$558$0
Note rate3.310%3.310%7.400%
Blended rate3.310%4.957%7.640%
1st payment$564.88$564.88$906.67
2nd payment$0.00$263.05$0.00
Taxes / mo$354.30$354.30$354.30
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$26.19
HOA / mo$0.00$0.00$0.00
Total monthly$1,069.19$1,332.24$1,437.16
Cash to close$33,857$7,275$14,550