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$16,217$16,217$288,000
Remaining term (yrs)21.421.430.0
Secondary amount$0$271,783$0
Funding fee$81$81$0
Note rate4.040%4.040%7.400%
Blended rate4.040%7.541%7.640%
1st payment$94.16$94.16$1,994.05
2nd payment$0.00$1,755.27$0.00
Taxes / mo$122.20$122.20$122.20
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$366.35$2,121.62$2,323.85
Cash to close$303,783$32,000$32,000