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$87,644$87,644$463,500
Remaining term (yrs)7.27.230.0
Secondary amount$0$375,856$0
Funding fee$438$438$0
Note rate8.849%8.849%7.400%
Blended rate8.849%7.958%7.640%
1st payment$1,357.36$1,357.36$3,209.18
2nd payment$0.00$2,427.40$0.00
Taxes / mo$189.83$189.83$189.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$35.00$35.00$35.00
Total monthly$1,748.86$4,176.26$3,693.38
Cash to close$427,356$51,500$51,500