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$333,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$333,000$0
Funding fee$0$0$0
Note rate8.510%8.510%7.400%
Blended rate8.510%7.750%7.640%
1st payment$390.94$390.94$2,305.62
2nd payment$0.00$2,150.63$0.00
Taxes / mo$53.33$53.33$53.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$594.27$2,744.90$2,575.56
Cash to close$370,000$37,000$37,000