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$0$0$128,610
Remaining term (yrs)——30.0
Secondary amount$0$128,610$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.000%8.000%7.640%
1st payment$0.00$0.00$890.47
2nd payment$0.00$857.40$0.00
Taxes / mo$48.89$48.89$48.89
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$25.72
HOA / mo$350.00$350.00$350.00
Total monthly$548.89$1,406.29$1,465.08
Cash to close$142,900$14,290$14,290