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$39,730$39,730$432,000
Remaining term (yrs)3.03.030.0
Secondary amount$0$392,270$0
Funding fee$199$199$0
Note rate7.800%7.800%7.400%
Blended rate7.800%7.755%7.640%
1st payment$1,211.54$1,211.54$2,991.08
2nd payment$0.00$2,533.41$0.00
Taxes / mo$143.92$143.92$143.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,522.13$4,055.54$3,388.06
Cash to close$440,270$48,000$48,000