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$279,907$279,907$306,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$26,093$0
Funding fee$1,400$1,400$0
Note rate4.980%4.980%7.400%
Blended rate4.980%5.323%7.640%
1st payment$1,609.16$1,609.16$2,118.68
2nd payment$0.00$195.70$0.00
Taxes / mo$51.92$51.92$51.92
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$1,811.07$2,006.77$2,381.80
Cash to close$60,093$34,000$34,000