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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$40,582$40,582$377,100
Remaining term (yrs)3.53.530.0
Secondary amount$0$336,518$0
Funding fee$203$203$0
Note rate8.240%8.240%7.320%
Blended rate8.240%7.803%7.560%
1st payment$1,071.80$1,071.80$2,590.42
2nd payment$0.00$2,173.34$0.00
Taxes / mo$166.33$166.33$166.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.42
HOA / mo$50.00$50.00$50.00
Total monthly$1,438.14$3,611.48$3,032.17
Cash to close$378,418$41,900$41,900