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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$70,899$70,899$315,000
Remaining term (yrs)7.17.130.0
Secondary amount$0$244,101$0
Funding fee$354$354$0
Note rate6.010%6.010%7.400%
Blended rate6.010%7.358%7.640%
1st payment$1,007.33$1,007.33$2,181.00
2nd payment$0.00$1,576.49$0.00
Taxes / mo$142.50$142.50$142.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$139.00$139.00$139.00
Total monthly$1,438.83$3,015.32$2,675.50
Cash to close$279,101$35,000$35,000