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$432,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$432,000$0
Funding fee$0$0$0
Note rate8.850%8.850%7.400%
Blended rate8.850%7.750%7.640%
1st payment$888.68$888.68$2,991.08
2nd payment$0.00$2,790.00$0.00
Taxes / mo$195.00$195.00$195.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.40
HOA / mo$45.00$45.00$45.00
Total monthly$1,295.35$4,085.35$3,484.15
Cash to close$480,000$48,000$48,000