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$69,080$69,080$319,500
Remaining term (yrs)7.47.430.0
Secondary amount$0$250,420$0
Funding fee$345$345$0
Note rate5.840%5.840%7.400%
Blended rate5.840%7.337%7.640%
1st payment$949.72$949.72$2,212.15
2nd payment$0.00$1,617.30$0.00
Taxes / mo$115.92$115.92$115.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$318.00$318.00$318.00
Total monthly$1,533.64$3,150.93$2,859.97
Cash to close$285,920$35,500$35,500