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$84,600
Remaining term (yrs)25.025.030.0
Secondary amount$0$84,600$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate3.500%9.000%7.640%
1st payment$0.00$0.00$585.75
2nd payment$0.00$634.50$0.00
Taxes / mo$181.33$181.33$181.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$16.92
HOA / mo$0.00$0.00$0.00
Total monthly$331.33$965.83$934.01
Cash to close$94,000$9,400$9,400