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$391,500
Remaining term (yrs)——30.0
Secondary amount$0$391,500$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate3.990%7.750%7.640%
1st payment$0.00$0.00$2,710.67
2nd payment$0.00$2,528.44$0.00
Taxes / mo$392.42$392.42$392.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$41.00$41.00$41.00
Total monthly$583.42$3,111.85$3,372.38
Cash to close$435,000$43,500$43,500