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$9,924$9,924$283,500
Remaining term (yrs)1.31.330.0
Secondary amount$0$273,576$0
Funding fee$50$50$0
Note rate7.100%7.100%7.400%
Blended rate7.100%7.727%7.640%
1st payment$615.31$615.31$1,962.90
2nd payment$0.00$1,766.85$0.00
Taxes / mo$116.08$116.08$116.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$265.00$265.00$265.00
Total monthly$1,146.40$2,913.24$2,550.68
Cash to close$305,076$31,500$31,500