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$44,911$44,911$393,750
Remaining term (yrs)4.84.830.0
Secondary amount$0$348,839$0
Funding fee$225$225$0
Note rate7.160%7.160%7.400%
Blended rate7.160%7.683%7.640%
1st payment$905.27$905.27$2,726.25
2nd payment$0.00$2,252.92$0.00
Taxes / mo$220.92$220.92$220.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.75
HOA / mo$0.00$0.00$0.00
Total monthly$1,276.19$3,529.11$3,175.91
Cash to close$392,589$43,750$43,750