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$284,926$284,926$315,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$30,074$0
Funding fee$1,425$1,425$0
Note rate5.090%5.090%7.400%
Blended rate5.090%5.463%7.640%
1st payment$1,653.85$1,653.85$2,181.00
2nd payment$0.00$225.55$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$72.00$72.00$72.00
Total monthly$2,167.52$2,393.07$2,757.66
Cash to close$65,074$35,000$35,000