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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$103,581$103,581$185,400
Remaining term (yrs)21.321.330.0
Secondary amount$0$81,819$0
Funding fee$518$518$0
Note rate3.990%3.990%7.320%
Blended rate3.990%6.201%7.560%
1st payment$598.63$598.63$1,273.57
2nd payment$0.00$613.64$0.00
Taxes / mo$46.83$46.83$46.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$37.08
HOA / mo$220.00$220.00$220.00
Total monthly$1,015.47$1,629.11$1,727.48
Cash to close$102,419$20,600$20,600