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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$279,403$279,403$301,500
Remaining term (yrs)29.629.630.0
Secondary amount$0$38,847$0
Funding fee$1,397$1,397$0
Note rate7.75%7.75%7.18%
Blended rate7.75%8.254%7.42%
1st payment$2,005.95$2,005.95$2,042.47
2nd payment$0.00$384.42$0.00
Taxes / mo$470.33$470.33$470.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,626.29$3,010.71$2,723.10
Cash to close$55,597$16,750$33,500