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$116,100
Remaining term (yrs)——30.0
Secondary amount$0$116,100$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$803.85
2nd payment$0.00$774.00$0.00
Taxes / mo$219.72$219.72$219.72
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$23.22
HOA / mo$373.00$373.00$373.00
Total monthly$742.72$1,516.72$1,569.80
Cash to close$129,000$12,900$12,900