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$377,100
Remaining term (yrs)——30.0
Secondary amount$0$377,100$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.000%7.750%7.640%
1st payment$0.00$0.00$2,610.96
2nd payment$0.00$2,435.44$0.00
Taxes / mo$379.00$379.00$379.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.42
HOA / mo$0.00$0.00$0.00
Total monthly$529.00$2,964.44$3,215.38
Cash to close$419,000$41,900$41,900