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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$702$702$337,500
Remaining term (yrs)0.00.030.0
Secondary amount$0$336,798$0
Funding fee$4$4$0
Note rate7.88%7.88%7.18%
Blended rate7.88%7.75%7.42%
1st payment$706.63$706.63$2,286.34
2nd payment$0.00$2,175.15$0.00
Taxes / mo$117.42$117.42$117.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$974.04$3,149.20$2,621.26
Cash to close$374,298$37,500$37,500