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$71,100
Remaining term (yrs)18.518.530.0
Secondary amount$0$71,100$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.000%9.000%7.640%
1st payment$0.00$0.00$492.28
2nd payment$0.00$533.25$0.00
Taxes / mo$115.83$115.83$115.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$14.22
HOA / mo$846.00$846.00$846.00
Total monthly$1,111.83$1,645.08$1,618.34
Cash to close$79,000$7,900$7,900