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$76,410
Remaining term (yrs)29.529.530.0
Secondary amount$0$76,410$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate6.500%9.000%7.640%
1st payment$0.00$0.00$529.05
2nd payment$0.00$573.07$0.00
Taxes / mo$91.17$91.17$91.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$15.28
HOA / mo$0.00$0.00$0.00
Total monthly$241.17$814.24$785.50
Cash to close$84,900$8,490$8,490