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$13,754$13,754$391,500
Remaining term (yrs)1.51.530.0
Secondary amount$0$377,746$0
Funding fee$69$69$0
Note rate2.770%2.770%7.400%
Blended rate2.770%7.575%7.640%
1st payment$740.74$740.74$2,710.67
2nd payment$0.00$2,439.61$0.00
Taxes / mo$154.00$154.00$154.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,044.74$3,484.34$3,092.97
Cash to close$421,246$43,500$43,500