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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$126,888$126,888$149,399
Remaining term (yrs)27.627.630.0
Secondary amount$0$30,811$0
Funding fee$634$634$0
Note rate6.99%6.99%7.18%
Blended rate6.99%7.944%7.42%
1st payment$864.02$864.02$1,012.08
2nd payment$0.00$304.90$0.00
Taxes / mo$23.92$23.92$23.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$29.88
HOA / mo$50.42$50.42$50.42
Total monthly$1,088.36$1,393.26$1,266.30
Cash to close$39,111$8,300$16,600