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$30,212$30,212$144,000
Remaining term (yrs)3.23.230.0
Secondary amount$0$113,788$0
Funding fee$151$151$0
Note rate7.91%7.91%7.18%
Blended rate7.91%7.981%7.42%
1st payment$861.72$861.72$975.51
2nd payment$0.00$758.58$0.00
Taxes / mo$95.58$95.58$95.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$28.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,107.31$1,865.89$1,249.89
Cash to close$129,788$16,000$16,000