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$107,798
Remaining term (yrs)——30.0
Secondary amount$0$107,798$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate3.500%8.000%7.640%
1st payment$0.00$0.00$746.37
2nd payment$0.00$718.65$0.00
Taxes / mo$34.17$34.17$34.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$21.56
HOA / mo$571.00$571.00$571.00
Total monthly$755.17$1,473.82$1,523.09
Cash to close$119,775$11,978$11,978