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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$107,227$107,227$215,100
Remaining term (yrs)9.69.630.0
Secondary amount$0$107,873$0
Funding fee$536$536$0
Note rate6.25%6.25%7.18%
Blended rate6.25%7.128%7.42%
1st payment$1,226.20$1,226.20$1,457.16
2nd payment$0.00$719.16$0.00
Taxes / mo$121.92$121.92$121.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,498.12$2,217.27$1,772.10
Cash to close$131,773$23,900$23,900