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$45,496$45,496$323,991
Remaining term (yrs)5.65.630.0
Secondary amount$0$278,495$0
Funding fee$227$227$0
Note rate6.880%6.880%7.400%
Blended rate6.880%7.628%7.640%
1st payment$800.22$800.22$2,243.25
2nd payment$0.00$1,798.62$0.00
Taxes / mo$139.17$139.17$139.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$25.00$25.00$25.00
Total monthly$1,114.38$2,913.00$2,622.21
Cash to close$314,494$35,999$35,999