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$108,000
Remaining term (yrs)17.717.730.0
Secondary amount$0$108,000$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$747.77
2nd payment$0.00$720.00$0.00
Taxes / mo$59.69$59.69$59.69
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$21.60
HOA / mo$0.00$0.00$0.00
Total monthly$209.69$929.69$979.06
Cash to close$120,000$12,000$12,000