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$130,156$130,156$205,200
Remaining term (yrs)16.616.630.0
Secondary amount$0$75,044$0
Funding fee$651$651$0
Note rate3.450%3.450%7.400%
Blended rate3.450%5.480%7.640%
1st payment$853.47$853.47$1,420.76
2nd payment$0.00$562.83$0.00
Taxes / mo$99.42$99.42$99.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$41.04
HOA / mo$0.00$0.00$0.00
Total monthly$1,102.89$1,665.71$1,711.22
Cash to close$97,844$22,800$22,800