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$79,852$79,852$162,000
Remaining term (yrs)19.819.830.0
Secondary amount$0$82,148$0
Funding fee$399$399$0
Note rate3.570%3.570%7.400%
Blended rate3.570%6.323%7.640%
1st payment$467.32$467.32$1,121.66
2nd payment$0.00$616.11$0.00
Taxes / mo$164.00$164.00$164.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$32.40
HOA / mo$0.00$0.00$0.00
Total monthly$781.32$1,397.43$1,468.06
Cash to close$100,148$18,000$18,000