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$27,000
Remaining term (yrs)——30.0
Secondary amount$0$27,000$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$186.94
2nd payment$0.00$202.50$0.00
Taxes / mo$9.00$9.00$9.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$5.40
HOA / mo$0.00$0.00$0.00
Total monthly$159.00$361.50$351.34
Cash to close$30,000$3,000$3,000