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$30,357$30,357$395,910
Remaining term (yrs)3.03.030.0
Secondary amount$0$365,553$0
Funding fee$152$152$0
Note rate7.860%7.860%7.400%
Blended rate7.860%7.758%7.640%
1st payment$926.55$926.55$2,741.20
2nd payment$0.00$2,360.86$0.00
Taxes / mo$116.92$116.92$116.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.18
HOA / mo$40.00$40.00$40.00
Total monthly$1,233.47$3,594.34$3,127.30
Cash to close$409,543$43,990$43,990