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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$99,013$99,013$152,910
Remaining term (yrs)22.622.630.0
Secondary amount$0$53,897$0
Funding fee$495$495$0
Note rate4.14%4.14%7.18%
Blended rate4.14%5.853%7.42%
1st payment$561.73$561.73$1,035.87
2nd payment$0.00$404.23$0.00
Taxes / mo$49.83$49.83$49.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$30.58
HOA / mo$0.00$0.00$0.00
Total monthly$761.56$1,165.79$1,266.28
Cash to close$70,887$16,990$16,990