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$105,570
Remaining term (yrs)17.417.430.0
Secondary amount$0$105,570$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.000%8.000%7.640%
1st payment$0.00$0.00$730.95
2nd payment$0.00$703.80$0.00
Taxes / mo$41.92$41.92$41.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$21.11
HOA / mo$0.00$0.00$0.00
Total monthly$191.92$895.72$943.98
Cash to close$117,300$11,730$11,730