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$395,910
Remaining term (yrs)0.00.030.0
Secondary amount$0$395,910$0
Funding fee$0$0$0
Note rate8.720%8.720%7.400%
Blended rate8.720%7.750%7.640%
1st payment$980.70$980.70$2,741.20
2nd payment$0.00$2,556.92$0.00
Taxes / mo$145.17$145.17$145.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.18
HOA / mo$10.42$10.42$10.42
Total monthly$1,286.29$3,843.20$3,125.97
Cash to close$439,900$43,990$43,990