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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$118,757$118,757$175,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$56,743$0
Funding fee$594$594$0
Note rate3.08%3.08%7.18%
Blended rate3.08%4.994%7.42%
1st payment$573.22$573.22$1,188.90
2nd payment$0.00$425.57$0.00
Taxes / mo$65.58$65.58$65.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$35.10
HOA / mo$0.00$0.00$0.00
Total monthly$788.80$1,214.37$1,439.58
Cash to close$76,243$19,500$19,500