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$0$0$373,410
Remaining term (yrs)29.529.530.0
Secondary amount$0$373,410$0
Funding fee$0$0$0
Note rate6.5%6.5%7.24%
Blended rate6.5%7.75%7.48%
1st payment$0.00$0.00$2,544.78
2nd payment$0.00$2,411.61$0.00
Taxes / mo$223.00$223.00$223.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.68
HOA / mo$0.00$0.00$0.00
Total monthly$373.00$2,784.61$2,992.46
Cash to close$414,900$41,490$41,490