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$71,204$71,204$130,500
Remaining term (yrs)21.221.230.0
Secondary amount$0$59,296$0
Funding fee$356$356$0
Note rate3.95%3.95%7.18%
Blended rate3.95%6.245%7.42%
1st payment$412.03$412.03$884.05
2nd payment$0.00$444.72$0.00
Taxes / mo$29.50$29.50$29.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$26.10
HOA / mo$240.00$240.00$240.00
Total monthly$831.53$1,276.25$1,329.65
Cash to close$73,796$14,500$14,500