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$71,678$71,678$91,800
Remaining term (yrs)24.324.330.0
Secondary amount$0$25,222$0
Funding fee$358$358$0
Note rate2.660%2.660%7.400%
Blended rate2.660%5.059%7.640%
1st payment$332.88$332.88$635.60
2nd payment$0.00$249.59$0.00
Taxes / mo$220.00$220.00$220.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$18.36
HOA / mo$788.00$788.00$788.00
Total monthly$1,490.88$1,740.47$1,811.96
Cash to close$30,322$5,100$10,200