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$35,625$35,625$418,410
Remaining term (yrs)3.03.030.0
Secondary amount$0$382,785$0
Funding fee$178$178$0
Note rate7.880%7.880%7.400%
Blended rate7.880%7.761%7.640%
1st payment$1,087.69$1,087.69$2,896.99
2nd payment$0.00$2,472.15$0.00
Taxes / mo$154.58$154.58$154.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,408.94$3,881.09$3,301.92
Cash to close$429,275$46,490$46,490