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$135,268$135,268$171,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$35,732$0
Funding fee$676$676$0
Note rate5.41%5.41%7.18%
Blended rate5.41%6.16%7.42%
1st payment$809.72$809.72$1,158.41
2nd payment$0.00$267.99$0.00
Taxes / mo$45.58$45.58$45.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$34.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,005.30$1,273.29$1,388.20
Cash to close$54,732$19,000$19,000