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$87,799$87,799$202,500
Remaining term (yrs)21.721.730.0
Secondary amount$0$114,701$0
Funding fee$439$439$0
Note rate4.420%4.420%7.320%
Blended rate4.420%6.448%7.560%
1st payment$522.99$522.99$1,391.03
2nd payment$0.00$764.67$0.00
Taxes / mo$187.50$187.50$187.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$860.49$1,625.16$1,769.03
Cash to close$137,201$22,500$22,500