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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$132,039$132,039$229,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$97,461$0
Funding fee$660$660$0
Note rate6.780%6.780%7.320%
Blended rate6.780%7.723%7.560%
1st payment$878.30$878.30$1,576.51
2nd payment$0.00$730.96$0.00
Taxes / mo$50.58$50.58$50.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.90
HOA / mo$280.00$280.00$280.00
Total monthly$1,358.88$2,089.84$2,102.99
Cash to close$122,961$25,500$25,500