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$96,879$96,879$203,400
Remaining term (yrs)17.617.630.0
Secondary amount$0$106,521$0
Funding fee$484$484$0
Note rate4.270%4.270%7.400%
Blended rate4.270%6.223%7.640%
1st payment$649.54$649.54$1,408.30
2nd payment$0.00$710.14$0.00
Taxes / mo$434.17$434.17$434.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$40.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,233.70$1,943.84$2,033.15
Cash to close$129,121$22,600$22,600