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$69,555$69,555$151,110
Remaining term (yrs)11.511.530.0
Secondary amount$0$81,555$0
Funding fee$348$348$0
Note rate6.130%6.130%7.400%
Blended rate6.130%7.679%7.640%
1st payment$696.69$696.69$1,046.26
2nd payment$0.00$611.66$0.00
Taxes / mo$64.08$64.08$64.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$30.22
HOA / mo$30.00$30.00$30.00
Total monthly$940.78$1,552.44$1,320.56
Cash to close$98,345$16,790$16,790