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$128,612$128,612$197,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$69,298$0
Funding fee$643$643$0
Note rate2.900%2.900%7.400%
Blended rate2.900%5.036%7.640%
1st payment$617.41$617.41$1,370.29
2nd payment$0.00$519.74$0.00
Taxes / mo$170.75$170.75$170.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$39.58
HOA / mo$0.00$0.00$0.00
Total monthly$938.16$1,457.90$1,730.62
Cash to close$91,288$21,990$21,990