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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$280,200$280,200$315,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$34,800$0
Funding fee$1,401$1,401$0
Note rate4.16%4.16%7.18%
Blended rate4.16%4.695%7.42%
1st payment$1,484.39$1,484.39$2,133.92
2nd payment$0.00$261.00$0.00
Taxes / mo$109.58$109.58$109.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$60.00$60.00$60.00
Total monthly$1,803.97$2,064.97$2,516.50
Cash to close$69,800$35,000$35,000