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$90,239$90,239$306,000
Remaining term (yrs)18.018.030.0
Secondary amount$0$215,761$0
Funding fee$451$451$0
Note rate4.260%4.260%7.400%
Blended rate4.260%6.721%7.640%
1st payment$595.27$595.27$2,118.68
2nd payment$0.00$1,393.46$0.00
Taxes / mo$457.17$457.17$457.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,202.44$2,595.89$2,787.05
Cash to close$249,761$34,000$34,000