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$129,302$129,302$148,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$27,448$0
Funding fee$647$647$0
Note rate5.270%5.270%7.400%
Blended rate5.270%6.427%7.640%
1st payment$764.33$764.33$1,028.18
2nd payment$0.00$271.62$0.00
Taxes / mo$137.50$137.50$137.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,051.83$1,323.45$1,345.38
Cash to close$35,698$8,250$16,500