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$36,000
Remaining term (yrs)——30.0
Secondary amount$0$36,000$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate3.500%9.000%7.640%
1st payment$0.00$0.00$249.26
2nd payment$0.00$270.00$0.00
Taxes / mo$16.00$16.00$16.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$7.20
HOA / mo$0.00$0.00$0.00
Total monthly$166.00$436.00$422.46
Cash to close$40,000$4,000$4,000