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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$70,247$70,247$315,000
Remaining term (yrs)7.17.130.0
Secondary amount$0$244,753$0
Funding fee$351$351$0
Note rate6.01%6.01%7.18%
Blended rate6.01%7.362%7.42%
1st payment$1,007.33$1,007.33$2,133.92
2nd payment$0.00$1,580.70$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$3,019.53$2,628.42
Cash to close$279,753$35,000$35,000