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$8,026$8,026$396,000
Remaining term (yrs)0.50.530.0
Secondary amount$0$387,974$0
Funding fee$40$40$0
Note rate7.840%7.840%7.400%
Blended rate7.840%7.752%7.640%
1st payment$1,032.96$1,032.96$2,741.82
2nd payment$0.00$2,505.67$0.00
Taxes / mo$161.58$161.58$161.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,344.54$3,850.21$3,132.61
Cash to close$431,974$44,000$44,000