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$0$0$405,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$405,000$0
Funding fee$0$0$0
Note rate5.700%5.700%7.400%
Blended rate5.700%7.750%7.640%
1st payment$892.11$892.11$2,804.14
2nd payment$0.00$2,615.63$0.00
Taxes / mo$162.58$162.58$162.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,204.69$3,820.32$3,197.72
Cash to close$450,000$45,000$45,000