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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$132,242$132,242$170,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$37,858$0
Funding fee$661$661$0
Note rate4%4%7.18%
Blended rate4%5.113%7.42%
1st payment$687.48$687.48$1,152.32
2nd payment$0.00$283.94$0.00
Taxes / mo$48.92$48.92$48.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$34.02
HOA / mo$0.00$0.00$0.00
Total monthly$886.40$1,170.34$1,385.25
Cash to close$56,758$18,900$18,900