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$157,500
Remaining term (yrs)——30.0
Secondary amount$0$157,500$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.000%8.000%7.640%
1st payment$0.00$0.00$1,090.50
2nd payment$0.00$1,050.00$0.00
Taxes / mo$25.08$25.08$25.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$31.50
HOA / mo$0.00$0.00$0.00
Total monthly$175.08$1,225.08$1,297.08
Cash to close$175,000$17,500$17,500