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$95,545$95,545$126,000
Remaining term (yrs)22.622.630.0
Secondary amount$0$30,455$0
Funding fee$478$478$0
Note rate4.17%4.17%7.18%
Blended rate4.17%5.337%7.42%
1st payment$543.62$543.62$853.57
2nd payment$0.00$228.41$0.00
Taxes / mo$28.25$28.25$28.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$25.20
HOA / mo$210.00$210.00$210.00
Total monthly$931.87$1,160.28$1,267.02
Cash to close$44,455$14,000$14,000