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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$139,156$139,156$161,910
Remaining term (yrs)27.027.030.0
Secondary amount$0$31,749$0
Funding fee$696$696$0
Note rate7.800%7.800%7.400%
Blended rate7.800%8.557%7.640%
1st payment$1,029.92$1,029.92$1,121.03
2nd payment$0.00$314.19$0.00
Taxes / mo$63.50$63.50$63.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$32.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,243.42$1,557.61$1,366.91
Cash to close$40,744$8,995$17,990