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$78,311$78,311$216,000
Remaining term (yrs)15.515.530.0
Secondary amount$0$137,689$0
Funding fee$392$392$0
Note rate3.92%3.92%7.18%
Blended rate3.92%6.521%7.42%
1st payment$560.29$560.29$1,463.26
2nd payment$0.00$917.93$0.00
Taxes / mo$68.83$68.83$68.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$779.12$1,697.05$1,725.29
Cash to close$161,689$24,000$24,000