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$144,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$144,000$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate3.500%8.000%7.640%
1st payment$0.00$0.00$997.03
2nd payment$0.00$960.00$0.00
Taxes / mo$413.17$413.17$413.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$28.80
HOA / mo$477.00$477.00$477.00
Total monthly$1,040.17$2,000.17$2,065.99
Cash to close$160,000$16,000$16,000