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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$290,306$290,306$360,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$69,694$0
Funding fee$1,452$1,452$0
Note rate7.07%7.07%7.18%
Blended rate7.07%7.444%7.42%
1st payment$2,010.03$2,010.03$2,438.77
2nd payment$0.00$522.71$0.00
Taxes / mo$140.83$140.83$140.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$104.00$104.00$104.00
Total monthly$2,404.86$2,927.57$2,905.60
Cash to close$109,694$40,000$40,000