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$11,166$11,166$373,500
Remaining term (yrs)1.81.830.0
Secondary amount$0$362,334$0
Funding fee$56$56$0
Note rate3.100%3.100%7.400%
Blended rate3.100%7.611%7.640%
1st payment$500.69$500.69$2,586.04
2nd payment$0.00$2,340.07$0.00
Taxes / mo$141.58$141.58$141.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$792.27$3,132.34$2,952.32
Cash to close$403,834$41,500$41,500