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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$29,629$29,629$382,500
Remaining term (yrs)2.92.930.0
Secondary amount$0$352,871$0
Funding fee$148$148$0
Note rate7.86%7.86%7.18%
Blended rate7.86%7.759%7.42%
1st payment$926.55$926.55$2,591.19
2nd payment$0.00$2,278.96$0.00
Taxes / mo$116.92$116.92$116.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$40.00$40.00$40.00
Total monthly$1,233.47$3,512.43$2,974.60
Cash to close$395,371$42,500$42,500