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$30,961$30,961$283,500
Remaining term (yrs)4.44.430.0
Secondary amount$0$252,539$0
Funding fee$155$155$0
Note rate7.09%7.09%7.18%
Blended rate7.09%7.678%7.42%
1st payment$671.36$671.36$1,920.53
2nd payment$0.00$1,630.98$0.00
Taxes / mo$86.58$86.58$86.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$907.94$2,538.92$2,213.81
Cash to close$284,039$31,500$31,500