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$103,410
Remaining term (yrs)4.24.230.0
Secondary amount$0$103,410$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.000%8.000%7.640%
1st payment$0.00$0.00$715.99
2nd payment$0.00$689.40$0.00
Taxes / mo$20.42$20.42$20.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$20.68
HOA / mo$0.00$0.00$0.00
Total monthly$170.42$859.82$907.09
Cash to close$114,900$11,490$11,490