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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$53,135$53,135$292,500
Remaining term (yrs)14.714.730.0
Secondary amount$0$239,365$0
Funding fee$266$266$0
Note rate4.49%4.49%7.18%
Blended rate4.49%7.158%7.42%
1st payment$409.41$409.41$1,981.50
2nd payment$0.00$1,545.90$0.00
Taxes / mo$87.25$87.25$87.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$130.00$130.00$130.00
Total monthly$776.66$2,322.56$2,407.25
Cash to close$271,865$32,500$32,500