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$134,910
Remaining term (yrs)28.728.730.0
Secondary amount$0$134,910$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate6.500%8.000%7.640%
1st payment$0.00$0.00$934.09
2nd payment$0.00$899.40$0.00
Taxes / mo$177.33$177.33$177.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$26.98
HOA / mo$0.00$0.00$0.00
Total monthly$327.33$1,226.73$1,288.40
Cash to close$149,900$14,990$14,990