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$75,591$75,591$161,100
Remaining term (yrs)23.523.530.0
Secondary amount$0$85,509$0
Funding fee$378$378$0
Note rate3.650%3.650%7.400%
Blended rate3.650%6.490%7.640%
1st payment$398.74$398.74$1,115.42
2nd payment$0.00$641.32$0.00
Taxes / mo$123.67$123.67$123.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$32.22
HOA / mo$105.00$105.00$105.00
Total monthly$777.41$1,418.73$1,526.31
Cash to close$103,409$17,900$17,900