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$107,504$107,504$214,110
Remaining term (yrs)16.016.030.0
Secondary amount$0$106,606$0
Funding fee$538$538$0
Note rate3.590%3.590%7.400%
Blended rate3.590%5.786%7.640%
1st payment$734.03$734.03$1,482.45
2nd payment$0.00$710.70$0.00
Taxes / mo$517.92$517.92$517.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,401.94$2,112.65$2,193.19
Cash to close$130,396$23,790$23,790