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$137,700
Remaining term (yrs)23.423.430.0
Secondary amount$0$137,700$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$953.41
2nd payment$0.00$918.00$0.00
Taxes / mo$182.00$182.00$182.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$27.54
HOA / mo$0.00$0.00$0.00
Total monthly$332.00$1,250.00$1,312.95
Cash to close$153,000$15,300$15,300