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$272,250$272,250$315,000
Remaining term (yrs)29.529.530.0
Secondary amount$0$42,750$0
Funding fee$1,361$1,361$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.839%7.640%
1st payment$1,728.71$1,728.71$2,181.00
2nd payment$0.00$320.62$0.00
Taxes / mo$93.00$93.00$93.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$90.00$90.00$90.00
Total monthly$2,061.71$2,382.33$2,577.00
Cash to close$77,750$35,000$35,000