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$143,999
Remaining term (yrs)——30.0
Secondary amount$0$143,999$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$997.02
2nd payment$0.00$959.99$0.00
Taxes / mo$37.83$37.83$37.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$28.80
HOA / mo$288.00$288.00$288.00
Total monthly$475.83$1,435.83$1,501.65
Cash to close$159,999$16,000$16,000