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$3,581$3,581$283,500
Remaining term (yrs)0.50.530.0
Secondary amount$0$279,919$0
Funding fee$18$18$0
Note rate7.650%7.650%7.400%
Blended rate7.650%7.749%7.640%
1st payment$524.69$524.69$1,962.90
2nd payment$0.00$1,807.81$0.00
Taxes / mo$153.08$153.08$153.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$827.77$2,635.58$2,322.68
Cash to close$311,419$31,500$31,500